Engro to invest up to US$15 mln to enhance the production capacity of PVC resin in Pakistan

12-Dec-12

Engro Polymer and Chemicals Limited (EPCL) will invest up to US$15 million in 2013 to enhance the production capacity of PVC resin, as per the company’s chief executive officer, as reported by Thenews.com.pk. Almost US$10-15 mln will be invested in 2013 to enhance production from the existing three PVC resin plants at Port Qasim, Karachi. The company is looking into multiple ways for raising investment funds. It could be debt, equity, or a mix of debt and equity. Debottlenecking will help produce an additional 35,000 to 40,000 tons of PVC resin.