Karachi January 27 2022: The Board of Directors of M/s Tariq Glass Industries Limited and M/s ICI Pakistan Limited in their separate board meetings held on January 26, 2022 has resolved to sign a Term Sheet with each other to explore the possibility of a joint venture with M/s ICI Pakistan Limited for setting up a state-of-the-art green field float glass manufacturing facility.
Manufacturing facility have a production capacity of up to 1,000 metric tons per day.
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The manufacturing facility is intended to setup by formation of a joint venture company to be incorporated by M/s Tariq Glass Industries Limited and M/s ICI Pakistan Limited subject to finalization and execution of definitive agreements and receipt of necessary corporate and regulatory approvals.
