Material Information of Engro Polymer and Chemicals Limited

Karachi, Engro Polymer and Chemicals Limited informed Pakistan Stock Exchange in continuation on March 1st, 2021. On December 28, 2017, Board of Directors of the Company approved the VCM Plant Debottlenecking of 50,000 MT per annum (New Capacity). We are now pleased to announce that commercial operation of the new capacity has commenced.”

Engro Polymer and Chemicals Limited was incorporated in Pakistan in 1997. The Company is a subsidiary of Engro Corporation Limited, which is a subsidiary of Dawood Hercules Corporation Limited.

The Company’s principal activity is to manufacturing, marketing and sale of Poly Vinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Caustic soda and other related chemicals. The Company is also engaged in the supply of surplus power generated from its power plants to Engro Fertilizers Limited.

The company is listed on Pakistan Stock Exchange and the shares of the Company are 908,923,333. The Earnings per shares of the Company is 6.28 in 2020 which was 4.07 in 2019. Their Profit after Taxation is 5,712,245,000 in 2020 which was 3,703,502,000 in 2019.