December 21, 2022 (MLN): In order to expand its footprint to regional export markets, the Board of Directors (BoD) of Descon Oxychem Limited (PSX: DOL) has decided to expand the company’s operations in UAE for marketing and selling of its products, the company informed through a notification to exchange on Wednesday.
This will be subject to approval from the State Bank of Pakistan (SBP), it added.
To note, the company has rapidly evolved to become the market leader in an intensely competitive Hydrogen Peroxide domestic market.
The company supplies customized chemicals for textiles, food and beverage safety as well as other industrial and consumer sectors.
In the global arena, the HP market is forecasted to be worth $5.2 billion by 2021.
As a result, Descon Oxychem is actively exploring growth in international markets for pulp and paper, cosmetics, and electronics manufacturing.
With an experienced, professional, and capable team as the backbone and state-of-the-art manufacturing facility, Descon Oxychem provides exemplary customer service, product quality, and technical guidance.
