AIRLINK 75.25 Decreased By ▼ -0.18 (-0.24%)
BOP 5.11 Increased By ▲ 0.04 (0.79%)
CNERGY 4.60 Decreased By ▼ -0.15 (-3.16%)
DFML 32.53 Increased By ▲ 2.43 (8.07%)
DGKC 90.35 Decreased By ▼ -0.13 (-0.14%)
FCCL 22.98 Increased By ▲ 0.08 (0.35%)
FFBL 33.57 Increased By ▲ 0.62 (1.88%)
FFL 10.04 Decreased By ▼ -0.01 (-0.1%)
GGL 11.05 Decreased By ▼ -0.29 (-2.56%)
HBL 114.90 Increased By ▲ 1.41 (1.24%)
HUBC 137.34 Increased By ▲ 0.83 (0.61%)
HUMNL 9.53 Decreased By ▼ -0.37 (-3.74%)
KEL 4.66 No Change ▼ 0.00 (0%)
KOSM 4.70 Increased By ▲ 0.01 (0.21%)
MLCF 40.54 Decreased By ▼ -0.56 (-1.36%)
OGDC 139.75 Increased By ▲ 4.95 (3.67%)
PAEL 27.65 Increased By ▲ 0.04 (0.14%)
PIAA 24.40 Decreased By ▼ -1.07 (-4.2%)
PIBTL 6.92 No Change ▼ 0.00 (0%)
PPL 125.30 Increased By ▲ 0.85 (0.68%)
PRL 27.55 Increased By ▲ 0.15 (0.55%)
PTC 14.15 Decreased By ▼ -0.35 (-2.41%)
SEARL 61.85 Increased By ▲ 1.65 (2.74%)
SNGP 72.98 Increased By ▲ 2.43 (3.44%)
SSGC 10.59 Increased By ▲ 0.03 (0.28%)
TELE 8.78 Decreased By ▼ -0.11 (-1.24%)
TPLP 11.73 Decreased By ▼ -0.05 (-0.42%)
TRG 66.60 Decreased By ▼ -1.06 (-1.57%)
UNITY 25.15 Decreased By ▼ -0.02 (-0.08%)
WTL 1.44 Decreased By ▼ -0.04 (-2.7%)
BR100 7,803 Increased By 78.1 (1.01%)
BR30 25,816 Increased By 214.9 (0.84%)
KSE100 74,531 Increased By 732.1 (0.99%)
KSE30 23,954 Increased By 330.7 (1.4%)

PAChem Global Pvt Ltd, after successfully commencing production at its petrochemicals plant in Faisalabad Industrial Estate, has begun exports to different countries. The plant is the largest of its kind in Pakistan with a production capacity of 35,000 metric tons per annum of Phthalic Anhydride.

This state-of-the-art plant is based on German Lurgi technology and will help meet increasing demand in downstream products like paints, plasticisers, polyvinyl chloride (PVC), and unsaturated polyester resins, PAChem Global said in its statement. In addition to meeting growing local demand, PAChem Global Pvt Ltd has already signed contracts for export to customers in the Middle East and Africa.

“The petrochemicals industry is at a very nascent stage in Pakistan. With this investment, we are poised to play an integral role in the country’s infrastructure plans as PA has significant applications in the construction and paints industry. With increasing interest from export markets and a growing local market, we are keen to establish our presence and expand further into various petrochemical products,” Dr Imtiaz Ahmed, the company’s CEO said in a statement.

Sponsored Content

This content was produced by an external party/sponsor. Business Recorder does not have any editorial input or oversight of this content, nor does this necessarily reflect the views of Business Recorder or any of its affiliated entities.

Business Recorder is not responsible for accuracy, timeliness, any errors or omissions, or for the results obtained from the use of this information.

Comments

Comments are closed.