Since 2015, Engro Polymer & Chemicals (EPCL) has invested over $188 million in Plant expansion and other upgrade projects for higher efficiency, reliability, and diversification of operations.
Significant investments to expand and improve the efficiency of domestic PVC production have created an opportunity for Pakistan to earn $300 million through the export of surplus volumes and products.
Read More: propakistani.pk/2023/05/31/p…
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In 2021, EPCL enhanced its PVC capacity to 295,000 tons per annum, which is sufficient to fully cater to the local demand and achieve exports as well.
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The Company’s 2030 vision is to become a globally-competitive PVC producer, prioritizing exports, and increasing the domestic per capita PVC consumption to international levels.
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The Company is collaborating with @tdap_official to explore global markets for value-added PVC downstream products export.
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In the last two years, the Company exported surplus products worth USD 48 million to Turkiye and Middle Eastern markets, while import substitution of around $300 million contributed significantly toward solving Pakistan’s balance of payments situation.
Jun 1, 2023 · 11:07 AM UTC
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