LCI to invest Rs633m in veterinary medicine manufacturing facility

10:10
June 20, 2023

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.

Copyright Mettis Link News

Posted on: 2023-06-20T10:02:05+05:00

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47	XAG	29.73420	29.74080	29.74080	29.73420	03:45 AM
48	XPT	1,065.45000	1,067.25000	1,067.25000	1,065.45000	12:46 PM
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2,120	VES	36.53490	36.62660	36.62656	36.53493	10:35 PM
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KMI30	124,198.10	124,012.782	123,588.39	516.845	0.419	49,705,255.0	2,922,495,503.580	1	17/05/2024 11:58 AM
KMIALLSHR	34,799.31	34,799.314	34,601.31	225.884	0.653	143,959,712.0	6,148,610,803.790	1	17/05/2024 11:58 AM
BKTi	18,640.08	18,508.874	18,385.35	-75.205	-0.405	4,293,297.0	608,121,665.860	1	17/05/2024 11:58 AM
OGTi	17,900.19	17,853.261	17,779.12	42.270	0.237	2,142,224.0	364,270,416.130	-1	17/05/2024 11:58 AM

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