NICL approves Rs3bn capex for Palmitic Acid, CPW expansion
A capital expenditure of Rs3.0 billion has been approved for three key strategic initiatives at Nimir Industrial Chemicals Limited (PSX: NICL), covering the establishment of a new Palmitic Acid plant, expansion of the Chlorinated Paraffin Wax (CPW) a
September 09, 2026 (MLN): A capital expenditure of Rs3.0 billion has been approved for three key strategic initiatives at Nimir Industrial Chemicals Limited (PSX: NICL), covering the establishment of a new Palmitic Acid plant, expansion of the Chlorinated Paraffin Wax (CPW) and Chlorine Liquefaction plants, and the relocation of one Oleochemicals plant from Sheikhupura to Hub, Balochistan. The decision was taken at...