Karachi: Engro Polymer & Chemicals Limited (EPCL) has announced a significant achievement with the commercial operation commencement of a new Hydrogen Peroxide Plant under its wholly owned subsidiary, Engro Peroxide (Private) Limited. The project, completed on February 3, 2025, was constructed at a total cost of PKR 11.70 billion.

The establishment of this plant is a strategic move by EPCL, aiming to diversify its product line, enhance operational efficiencies, and better meet the growing market demand. This development comes in alignment with the company”s growth objectives, reflecting its commitment to expanding its chemical production capabilities and strengthening its market position.

According to information available from the Pakistan Stock Exchange (PSX), the project was executed in accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. This compliance underscores EPCL”s dedication to transparency and adherence to regulatory requirements in its operational processes.

The company has communicated this material information to the Trading Right Entitlement Certificate (TREC) holders of the Pakistan Stock Exchange, ensuring that stakeholders are informed of the advancements and strategic initiatives undertaken by EPCL. The establishment of the Hydrogen Peroxide Plant is anticipated to bolster the company”s market share within the chemicals sector and provide a robust platform for future growth and innovation.