- September 9, 2026
- Posted by: Tresmark
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Nimir Industrial Chemicals Limited (NICL) has approved and recommended Rs3.0 billion in new capital investments to support three strategic expansion and relocation initiatives.
The decision was taken by the company’s Board of Directors at its meeting held on September 9, 2026.
The approved initiatives include:
Establishment of a new Palmitic Acid Plant
Expansion of the Chlorinated Paraffin Wax (CPW) and Chlorine Liquefaction Plants
Relocation of the Oleochemicals Plant from Sheikhupura to Hub, Balochistan
The company said the proposed investments are aimed at supporting its strategic growth initiatives and expanding its production capabilities.
Nimir Industrial Chemicals has also submitted the required disclosure under the applicable provisions of the Securities Act, 2015 and Pakistan Stock Exchange regulations.
