Descon Oxychem to tap UAE market to expand operations

MG News | December 21, 2022 at 12:13 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,739.45 242.21M	-1.54% -2690.48
ALLSHR	104,259.24 520.15M	-1.35% -1427.41
KSE30	51,216.76 90.23M	-1.69% -882.09
KMI30	241,390.67 102.03M	-1.59% -3889.84
KMIALLSHR	66,758.34 335.29M	-1.36% -923.26
BKTi	49,017.09 25.25M	-1.47% -728.87
OGTi	33,907.82 6.36M	-1.52% -523.94

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,625.00	66,385.00 65,365.00	-385.00 -0.58%
BRENT CRUDE	98.61	99.08 94.89	4.54 4.83%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.20 0.17%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	90.66	91.19 87.32	3.83 4.41%
SUGAR #11 WORLD	14.89	14.90 14.73	0.15 1.02%