Searle not installing Reckitt Benckiser manufacturing unit in Pakistan

The Searle Company (Pvt) Limited, one of the leading pharmaceutical companies in the country, has rejected reports stating that it has installed a manufacturing unit of British multinational Reckitt Benckiser in Pakistan, according to a report by the Business Recorder.

“We would like to inform that the news/rumour spread via social media regarding the likelihood of the Searl Company Limited to install manufacturing unit of Reckitt Benckiser locally,” the company said in a statement on Thursday.

It added that currently, the company has not entered into any kind of contractual arrangement with Reckitt Benckiser.

Searle Company Limited was established in 1965 as a private limited company. It was converted into a public limited company in 1993. International Brands Limited holds 56.6 per cent of Searle Company, making former the holding company.

Article continues after this advertisement

The company has three manufacturing plants located in Karachi and Lahore apart from several other warehouses and storage facilities.

- Advertisement -
- Advertisement -

Must Read

KSE-100 plunges over 500 points as police, PTI workers clash in...

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 index shed more than 500 points on Wednesday as clashes between PTI protesters and police officials in...