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NICL start of Caustic Soda commercial operations to hurt EPCL and ICL market: PSX

admin-augaf by admin-augaf
April 22, 2022
in Business, Finance
Reading Time: 1 min read
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Nimir Industrial
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Karachi July 28 2023: Nimir Industrial Chemicals limited has successfully completed the first phase of the expansion of the Chlor Alkali (Caustic Soda) plant, which has started its commercial operations.

With this expansion, the company replaced its existing plant with the latest technology acquired from thyssenkrupp nucera, Italy. The production capacity of first phase is 60 tons per day.

Pakistan caustic soda market size is around 400 k tons. During the period from July to February caustic soda production in the country increased by 1.95% to 261,560 tons.

The work on the second phase of the expansion, having the same production capacity, is in progress and would be available for commercial operation during the first quarter of financial year 2022-23.

Nimir Industrial Chemicals Limited was incorporated in Pakistan as a Public Limited Company. The Company is engaged in manufacturing and sales of chemical products. In previous year, the Company was a subsidiary of Nimir Resources (Private) Limited (‘NRPL’). As a result of voluntary winding up of NRPL, shares held by NRPL have been transferred to its sponsors, who have made a consortium through an agreement to control the Company.

Tags: EPCLICLNicl
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