Company type | Public Subsidiary |
---|---|
PSX: EPCL | |
Industry | Chemical |
Founded | 1997 |
Headquarters | Harbour Front Building, Clifton, Karachi-75600, Pakistan |
Key people | ABDUL QAYOOM ( CEO ) |
Rs. 66 Billion (2023) | |
Parent |
Engro Corporation (56.19%)
[1] Mitsubishi Corporation (10.24%) [2] |
Website |
engropolymer |
Engro Polymer & Chemical Limited (EPCL) (اینگرو پولیمر اینڈ کیمیکل لمیٹڈ) is a Pakistani polymer manufacturing company based in Karachi, Pakistan. [3] It is a subsidiary of conglomerate the Engro Corporation. [4] The company has more than 70 percent local market share. [5]
Engro Polymer & Chemicals was founded in 1997 as part of Engro Chemical Pakistan. [6]
In November 1997, the company entered into a joint venture agreement with Mitsubishi Corporation and Asahi Glass Company to build a polyvinyl chloride (PVC) manufacturing plant. [6] The $80 million project was financed with $37 million in equity and $39 million in long-term debt. [7] Engro contributed 50 percent of the equity ($18.5 million), Asahi 30 percent ($11.1 million), and Mitsubishi 20 percent ($7.4 million). [7] Foreign currency debt of $28.5 million came from the International Finance Corporation and CDC, while local currency debt of $10.5 million and working capital of $4 million were provided by various Pakistani and international banks. [7] The facility was constructed at Port Qasim, in close proximity to the city of Karachi. [6] The plant was engineered to produce 100,000 tonnes of suspension grade PVC resin per year. [6] The production of PVC at the facility began in 1999. [6]
In 2008, Engro Polymer was listed on the Karachi Stock Exchange, following an initial public offering. [8]
In August 2018, Engro Polymer announced that the company would set up a new plant to expand the production of PVC and caustic soda. Along with an efficiency project suhc as de-super heating quenches at EDC/VCM plant. [5]
Company type | Public Subsidiary |
---|---|
PSX: EPCL | |
Industry | Chemical |
Founded | 1997 |
Headquarters | Harbour Front Building, Clifton, Karachi-75600, Pakistan |
Key people | ABDUL QAYOOM ( CEO ) |
Rs. 66 Billion (2023) | |
Parent |
Engro Corporation (56.19%)
[1] Mitsubishi Corporation (10.24%) [2] |
Website |
engropolymer |
Engro Polymer & Chemical Limited (EPCL) (اینگرو پولیمر اینڈ کیمیکل لمیٹڈ) is a Pakistani polymer manufacturing company based in Karachi, Pakistan. [3] It is a subsidiary of conglomerate the Engro Corporation. [4] The company has more than 70 percent local market share. [5]
Engro Polymer & Chemicals was founded in 1997 as part of Engro Chemical Pakistan. [6]
In November 1997, the company entered into a joint venture agreement with Mitsubishi Corporation and Asahi Glass Company to build a polyvinyl chloride (PVC) manufacturing plant. [6] The $80 million project was financed with $37 million in equity and $39 million in long-term debt. [7] Engro contributed 50 percent of the equity ($18.5 million), Asahi 30 percent ($11.1 million), and Mitsubishi 20 percent ($7.4 million). [7] Foreign currency debt of $28.5 million came from the International Finance Corporation and CDC, while local currency debt of $10.5 million and working capital of $4 million were provided by various Pakistani and international banks. [7] The facility was constructed at Port Qasim, in close proximity to the city of Karachi. [6] The plant was engineered to produce 100,000 tonnes of suspension grade PVC resin per year. [6] The production of PVC at the facility began in 1999. [6]
In 2008, Engro Polymer was listed on the Karachi Stock Exchange, following an initial public offering. [8]
In August 2018, Engro Polymer announced that the company would set up a new plant to expand the production of PVC and caustic soda. Along with an efficiency project suhc as de-super heating quenches at EDC/VCM plant. [5]