Material Information of Synthetic Products Enterprises Limited

Karachi, Synthetic Products Enterprises Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in its meeting held on September 17, 2020 has approved to establish a new project (manufacturing plant) at Karachi which will be financed partially through fresh equity to be raised by issuance of right shares and partially though internally generated resources and debt.

Synthetic Products Enterprises Limited (SPEL) is a part of SPEL Group which provides one stop shopping to customers for plastic products.

With its three plants, one in Kotlakhpat two in Pandoki, Lahore, it is organized in the product lines of Molds and Dies Manufacturing, Automotive Parts, Food Packaging, Plastic Crates and Off Road Vehicle Parts.

SPEL now has a portfolio of varied products with a large client base. Supplies are made to assemblers and manufacturers of cars, tractors, motor cycles, electronic equipment, road construction equipment etc. We also provide Plastic Packaging for Food, Hair Care, Skin Care and Pharmaceutical products.

The symbol “SPEL” is being used by the stock exchange for the shares of Synthetic Products Enterprises Limited.