NICL to invest Rs1.6b for expansion of caustic soda plant

The Board of Directors of Nimir Industries Chemicals Limited (NICL), in its meeting held on April 24, 2020, approved capital investment of Rs 1.6 billion to expand the capacity of the caustic soda plant to 120 tonnes per day (TPD), informed the company in a statement to the Pakistan Stock Exchange on Friday. 

The statement further said that this decision has been taken to yield full advantage of the basic plant infrastructure, which is already available to cater for the expansion, as well as to leverage the NICL’s marketing excellence.

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