Engro polymer approves Capex of $9 mln to shift to VCM technology

By MG News | November 26, 2018 at 02:41 PM GMT+05:00

0:00

November 26, 2018 (MLN): The Board of Directors of Engro polymer (EPCL) have approved capital expenditure of USD 9 million to shift to pure oxygen based VCM technology, which is expected to reduce raw material consumption by approximately 2%. The project is expected to come online by end of 2020 and will be funded through internal cash generation

VCM production is an air based process. Globally, technologically advanced manufacturers have migrated to pure oxygen based process which has reduced their raw material consumption considerably, the notification added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,835.81 79.58M	-0.43% -567.38
ALLSHR	83,076.89 447.51M	-0.13% -111.17
KSE30	40,413.32 29.90M	-0.59% -238.14
KMI30	191,060.13 34.16M	-0.53% -1023.79
KMIALLSHR	55,744.87 229.95M	-0.18% -102.83
BKTi	36,270.99 4.60M	-0.42% -151.89
OGTi	28,283.34 6.56M	-0.54% -154.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,065.00	109,545.00 108,625.00	-150.00 -0.14%
BRENT CRUDE	69.94	70.09 69.85	-0.21 -0.30%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.12	68.27 67.78	-0.21 -0.31%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%