Nimir Industrial Chemicals Limited (the “Company”) in its meeting held on Tuesday, September 14, 2021 has considered, approved and recommended the following new capital investments and other matters:
- An investment of PKR1,250 million for setting up a production facility to manufacture various types of aluminum cans for aerosol products. This will be a backward integration to the Company’s state of the art aerosol filling plant.
- An investment of PKR190 million for the installation of Sulphate Removal System at Chlor Alkali Plant to reduce the operating cost.
- Amendments/Alteration in the Memorandum of Association and Articles of Association of the Company in line with the Companies Act, 2017.