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NICL to invest Rs. 1,250Mn for setting up the production facility to manufacture aluminium cans

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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:

  1. 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.
  2. An investment of PKR190 million for the installation of Sulphate Removal System at Chlor Alkali Plant to reduce the operating cost.
  3. Amendments/Alteration in the Memorandum of Association and Articles of Association of the Company in line with the Companies Act, 2017.

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