Mandviwala Mauser approves Rs250m expansion plan

KARACHI: Mandviwala Mauser Plastic Industries Limited announced on Monday that it had approved an expansion plan worth Rs250 million for the purchase of new machinery.

The decision was taken by the company’s Board of Directors in its meeting held the same day.

In a notice to the Pakistan Stock Exchange (PSX), the company said the expansion will be carried out in the second half of the current financial year.

Mandviwala Mauser Plastic Industries Limited was incorporated in Pakistan as a public limited company in 1988.

Its principal activity is the manufacturing and sale of plastic and allied products.