Karachi, Pakistan PVC Limited informed Pakistan Stock Exchange that the management has neither intention nor the necessity of liquidation or ceasing manufacturing operation in foreseeable future. So, with the successful efforts of the Management, the Company will continue as a going concern.
Pakistan PVC Limited is incorporated in Pakistan on October 19, 1963. The company is engaged in production and sale of PVC resin, PVC pipes and fittings, PVC compound and Caustic soda. The company has installed a water purification plant to process and sell mineral water.
Pakistan PVC Limited was constructed in the middle sixties in collaboration with M/s Shin-Etsu Chemical Industry Company Limited of Japan. The plant started producing PVC Pipes as early as in 1966.
The total numbers of shares are 14,958,000. The Earnings per share is (1.05) in 2020 which was (1.17) in 2019. The Company had a loss of Rs. 15,759,000 in 2020 which was 17,479,000 in 2019.