What's new

Prime Minister Imran Khan inaugurated a 100,000-tonne PVC III plant

ghazi52

PDF THINK TANK: ANALYST
Joined
Mar 21, 2007
Messages
101,953
Reaction score
106
Country
Pakistan
Location
United States
Prime Minister Imran Khan inaugurated a 100,000-tonne PVC III plant.


Prime Minister Imran Khan inaugurated on Friday a 100,000-tonne PVC III plant of Engro Polymer and Chemicals (EPCL), which will enable import substitution of polyvinyl chloride (PVC) and boost exports, a press release said.

Addressing the ceremony, Prime Minister Khan said the government supports the expansion of local businesses in order to ensure import substitution and achieve higher exports.

He urged the business community to focus on import substitution and diversification of the export base to support sustainable economic growth.

A subsidiary of Engro Corporation, EPCL is the only fully integrated chlorvinyl chemical complex and producer of PVC in Pakistan.

The plant expansion took place with up to $50 million financing support from the International Finance Corporation (IFC) and leveraged global expertise in project execution with a Japanese licenser and Chinese construction team.

EPCL can now produce 295,000 tonnes of PVC per annum. The press release said EPCL will now be contributing around $240m towards import substitution
 
lets hope it will effect prices of pvc items in country
 
Engro is a perfect example of a local company with US-style corporate management practices investing in the country's future. A far cry from the Seth companies who are leeches and rent seekers and do nothing to strengthen the economy and improve livelihoods.

Jahangir Piracha, the CEO of EPCL shared in an interview that for a PVC plant, economies of scale are achieved at a production capacity of 400,000 tons. EPCL is near that mark.
 
The more we produce, the more jobs we create, reduce imports and potentially increase exports.
 
Back
Top Bottom