NICL takes control of Hub Plant from Procter & Gamble

By MG News | Category Equity | September 02, 2024 at 10:05 AM GMT+05:00

0:00

September 02, 2024 (MLN): Nimir Industrial Chemicals Limited (PSX: NICL) has completed the acquisition of the soap manufacturing facility located in Hub, Balochistan, previously owned by Procter & Gamble Pakistan (Pvt.) Limited, the company's filing on PSX revealed today.

The transition of operational control to NICL took effect on September 1, 2024, marking a significant milestone in the company's expansion plans.

This strategic acquisition will enable the company to strengthen its presence in the southern region, increase its production capacity, and expand its export operations through seaports.

"We are confident that this transition will significantly contribute to our company's growth and enhance shareholder value in the years ahead," the notification issued to the bourse reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	121,641.00 407.56M	-0.13% -157.87
ALLSHR	75,951.71 854.04M	-0.10% -76.82
KSE30	36,827.89 67.82M	-0.42% -156.03
KMI30	181,199.42 117.76M	-0.38% -696.40
KMIALLSHR	52,088.08 592.55M	-0.27% -143.41
BKTi	29,808.04 22.21M	-0.83% -249.97
OGTi	27,075.99 4.68M	-0.75% -203.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,060.00	105,945.00 101,390.00	2845.00 2.78%
BRENT CRUDE	66.65	66.67 64.80	1.31 2.00%
RICHARDS BAY COAL MONTHLY	90.00	90.75 90.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.80	102.40 101.00	1.25 1.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.77	64.80 62.82	1.40 2.21%
SUGAR #11 WORLD	16.51	16.59 16.32	-0.06 -0.36%