Categorie: IPO / Secondary Offering
Submitted 7 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
ICI Pakistan Limited is a subsidiary of ICI Plc, UK, which owned 75.81% shares of the company. It was established in Pakistan in 1952 as a public limited company. ICI's presence in this part of the world, however, predates the formation of the public limited company and indeed Pakistan itself.The Khewra Soda Ash Company, a predecessor of ICI Pakistan Limited, set-up a soda ash manufacturing facility in Khewra in 1944 with a capacity of 18,000 tonnes per annum. This facility was sited next to the salt range as rock salt and limestone; two key raw materials for manufacturing soda ash were available here in abundance.Now, ICI Pakistan's five businesses, polyester, soda ash, paints, chemicals and life sciences manufacture and sell a wide range of industrial and consumer products. These include polyester staple fibres, POY chips, light and dense soda ash, sodium bicarbonate, paints for the decorative, automotive, refinish segments, for industrial use and projects, specially chemicals, polyurethanes, and adhesives. The company also manufactures on a toll basis of pharmaceutical and animal health products. It also markets seeds and in addition, is engaged in trading various specialised chemicals for the industrial use.The company spent Rs 1,012 million in 2007 on major capital projects and on sustenance to ensure efficiency and integrity of assets. The 50ktpa soda ash expansion project costing Rs 1.0 billion was completed as p...
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Submitted 7 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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