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Site update: November 16 2018, at 18:00 PKST
Stock update: November 16 2018.

Recent Financial News about EPCL (Engro Polymer and Chemicals Limited)

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Friday, November 09 2018

Expansion: Engro Polymer signs $35m financing facility
KARACHI: Engro Polymer and Chemicals Limited announced it is availing $35 million financing from International Finance Corporation (IFC) for expansion of its production plant of PVC – a chemical used in making numerous plastic products and construction materials like water and sewerage pipes, cables, etc. “This financing was a part of the initial Rs10.3 billion expansion plan announced earlier, out of which Rs5.4 billion has already been raised from the issue of right shares,” according to a press statement on Thursday. Engro Polymer has been associated with IFC, a member of the World Bank Group, since its inception.
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