Karachi February 19 2022: Engro Polymer and Chemical Limited (EPCL) announced commercial operations of its new PVC plant and VCM debottlenecking during March and June 2021, respectively.
PVC capacity increased by 100 KT to 295 KT per annum while VCM capacity increased by 50 KT to 245 KT per annum.
These initiatives enabled EPCL to achieve record domestic PVC sales of 207 KT alongside highest ever PVC exports of 19 KT translating into an export value of USD 28 million.
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ENGRO Profitability increased 19 percent to PKR 52.6 billion in 2021
During the year, international PVC prices increased significantly due to supply disruptions, however, supplies to domestic PVC downstream market continued uninterrupted due to EPCL’s steady production.
EPCL recorded sales of PKR 70.02 billion as compared to PKR 35.33 billion in 2020. PAT increased from PKR 5.73 billion in 2020 to PKR 15.06 billion in 2021 showing an increase of 163% attributable to increased volumetric sales, efficient operations and higher international prices.
