Matco Foods announces commercial operations of new Corn Starch Plant

News Image

MG News | August 26, 2022 at 02:51 PM GMT+05:00

0:00

August 26, 2022 (MLN): Matco Foods Limited (PSX: MFL) has announced the successful commissioning and commercial operations of its new 72,000 MT per year Corn Starch Plant, located in Allama Iqbal Industrial City, Special Economic Zone Faisalabad, FIEDMC, the company's filing on PSX showed.

The plant went through extensive testing and thorough inspection before commissioning, hence, the Commercial Operations Date (COD) is marked as August 26, 2022.

The Corn Starch Plant has been completed in record time since groundbreaking in 2021 with the dedication of all stakeholders.

They acknowledged shareholders, staff, equipment suppliers & technology partners, financial institutions and government bodies including FIEDMC, BOI, PBIT and FESCO for achieving this milestone.

The project has created new job directly and indirectly, provided economic opportunities for farmers, and will earn vital foreign exchange through exports as well.

Matco is a dedicated partner of Pakistan's industrial vision and is among the Top 100 Exporters from the country. We are committed to diversifying the industrial base and providing value addition for our stakeholders and for Pakistan's economy.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,115.82
431.76M
-1.03%
-1778.46
ALLSHR 102,630.82
1,022.40M
-0.72%
-743.98
KSE30 51,478.54
123.81M
-1.23%
-641.56
KMI30 245,731.79
184.52M
-1.22%
-3035.83
KMIALLSHR 66,650.32
595.11M
-0.81%
-541.20
BKTi 47,279.59
41.00M
-1.38%
-660.98
OGTi 35,704.94
10.73M
-1.65%
-598.06
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 80,390.00 0.00
0.00
5.00
0.01%
BRENT CRUDE 100.25 102.92
99.55
0.19
0.19%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-3.30
-2.91%
ROTTERDAM COAL MONTHLY 107.10 107.75
106.20
2.10
2.00%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 94.68 0.00
0.00
-0.74
-0.78%
SUGAR #11 WORLD 14.69 14.75
14.46
0.15
1.03%

Chart of the Day


Latest News
May 10, 2026 at 05:50 PM GMT+05:00

RDA hits record $321m in April


May 10, 2026 at 04:27 PM GMT+05:00

New airline South Air brings first aircraft to Pakistan


May 10, 2026 at 09:53 AM GMT+05:00

RDA inlows stay strong amid higher oil bill


May 10, 2026 at 09:33 AM GMT+05:00

Pakistan rushes for spot LNG amid Hormuz disruption



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg