Nimir Industrial Chemicals to Invest Rs. 3 Billion in 3 Major Projects
Nimir Industrial Chemicals Limited (PSX: NICL) has approved new capital expenditure of Rs.
Nimir Industrial Chemicals Limited (PSX: NICL) has approved new capital expenditure of Rs.
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- The firm disclosed the decision to the Pakistan Stock Exchange after its board approved and recommended the investments at a gathering held on Sept.
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- The firm will relocate one of its oleochemicals plants from Sheikhupura to Hub, Balochistan.
Nimir Industrial Chemicals Limited (PSX: NICL) has approved new capital expenditure of Rs. 3 billion for three projects, including a new Palmitic Acid plant, expansion of its Chlorinated Paraffin Wax (CPW) and Chlorine Liquefaction plants, and relocation of an oleochemicals plant from Sheikhupura to Hub, Balochistan.
Notably, the firm disclosed the decision to the Pakistan Stock Exchange after its board approved and recommended the investments at a gathering held on Sept. 9, 2026.
In practice, the new Palmitic Acid plant will create a new business line for the firm. Palmitic Acid is applied in animal nutrition for milking cows, and Nimir stated extra products are planned for the segment. Oil Sector Rejects Plan to Lower Diesel Cost.
Nimir will additionally expand its CPW plant along with the Chlorine Liquefaction plant. It supplies the basic feedstock for CPW production. The firm stated demand for CPW has rose significantly after its localization in Pakistan and is projected to grow further.
Notably, the firm will relocate one of its oleochemicals plants from Sheikhupura to Hub, Balochistan. Nimir remarked the move will strengthen its presence in the southern region, backing local demand and improve export opportunities through sea routes.
Nimir expects the benefits from the three capital expenditure projects to start from FY28 onward. Stay Connected with ProPakistani.
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Taken together, the developments around nimir Industrial Chemicals to Invest Rs. 3 Billion in 3 Major Projects point to a situation that is still moving, and the coming days should bring more clarity.
