Ghani Chemical inks agreement with UK-based company
- The UK-based company under CPX is a global brand with a presence in more than 100 countries
Ghani Chemical Industries Limited (GCIL) announced on Friday that it had inked an agreement with Precision Parts UK Ltd, a UK-based company.
The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today.
It said that the UK-based company under CPX is a global brand with a presence in more than 100 countries, including coverage of about 90% of the UK market.
Under this brand, CPX and GCIL have partnered to supply, market, and install medical gas pipeline systems and related equipment for hospitals and healthcare facilities in Pakistan, the notice said.
“The management of the company is of the firm view that by the addition of the above business, the company’s turnover and bottom line are expected to considerably increase,” the company said.
GCIL was incorporated in Pakistan as a private limited company in 2015 and was converted into a public limited company in 2017.
The principal activity of the company is the manufacturing, trading & sale of medical and industrial gases and chemicals.
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