Karachi, Nimir Industrial Chemicals Limited informed Pakistan Stock Exchange that an investment of PKR1, 250 million for setting up a production facility to manufacture various types of aluminum cans for aerosol products. This will be a backward integration to the Company’s state of the art aerosol filling plant.
2. An investment of PKR190 million for the installation of Sulphate Removal System at Chlor Alkali Plant to reduce the operating cost.
3. Amendments/Alteration in the Memorandum of Association and Articles of Association of the Company in line with the Companies Act, 2017.
Nimir Industrial Chemicals Limited, previously known as Ravi Alkalis Limited and owned by a local business family was incorporated in Pakistan on February 6, 1994. The foundations of the company are laid under the Companies Ordinance, 1984. Nimir Chemicals Company Limited, a Bermuda registered company, took over the management of the company in 1997 and consequently the name of the company was changed to Nimir Industrial Chemicals Limited in March 1998. The commercial operations of the company started from January 1, 2000. The principal activity of the company is manufacturing and sale of industrial chemical products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Faisalabad.
The symbol “NICL” is being used by the stock exchanges for the shares of Nimir Industrial Chemicals Limited.