LCI to invest Rs633m in veterinary medicine manufacturing facility

By MG News | Category Equity | June 20, 2023 at 10:02 AM GMT+05:00

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June 20, 2023 (MLN): The board of directors (BoD) of Lucky Core Industries Limited (PSX: LCI) has approved a capital expenditure of up to Rs633 million for setting up a green field veterinary medicine manufacturing facility for the animal health business at Sheikhupura site, the company’s filing on PSX revealed today.

“The manufacturing facility is expected to commence commercial operations in FY2025-26,” the notice reads.

Currently, the manufacturing operations for the Animal Health business are conducted on leased premises.

Moreover, this decision is another strategic step towards the company’s growth aspirations by strengthening its manufacturing footprint.

LCI is engaged in five diverse businesses: Polyester, Soda Ash, Chemicals & Agri Sciences, Pharmaceuticals, and Animal Health.

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