Nimir Chemicals to invest Rs1.25bn for setting up Aluminum cans production facility

MG News | September 15, 2021 at 10:30 AM GMT+05:00

0:00

September 15, 2021 (MLN): The Board of Directors of the Nimir Industrial Chemicals Limited (NICL) in its meeting held yesterday has considered, approved, and recommended a new capital investment of Rs1.250bn for setting up a production facility to manufacture various types of aluminum cans for aerosol products.

This will be a backward integration to the Company's state-of-the-art aerosol filling plant.

In addition, the Board also approved an investment of Rs190mn for the installation of the Sulphate Removal System at Chlor Alkali Plant to reduce the operating cost.

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