Engro Polymer and Chemical Limited

Engro Polymer and Chemical approved a plan to expand its existing PVC plant in Port Qasim, Karachi, and signed an agreement with Chinese contractor Tianchen Corp China (TCC). The project will add 100,000 tons/year of PVC and 50,000 tons/year of VCM capacity, costing PKR 7.6 billion ($61.5 million).

Engro Polymer and Chemical Limited announced a Rs7.6 billion capital expenditure plan to add a new PVC plant of 100,000 tonnes and debottlenecking of 50,000 tonnes per annum, partially funded by a Rs5.4 billion rights issue.