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New chemical projects.

New Chemical Projects

SAYYARA CHEMICALS LTD

House No. 13, Street No. 8 F-8/3, Islamabad. This project will undertake the manufacturing of activated carbon and is proposed to be established at Hattar Industrial Estate, NWFP in the private sector. The plant would have the design capacity to manufacture 5,000 tonnes of activated carbon per annum on the basis of three shift operation. The plant would also produce two by-products namely pyrolitic product and charcoal briquettes to the extent of 3,000 tonnes and 2,000 tonnes per annum respectively. The activated carbon will be both in fine and granules of 3/8 inch. The largest commercial use of activated carbon is for the recovery of solvent vapours from air. It is also used in armed services and industrial gas masks for protection against all organic vapours. The major users are vegetable ghee, sugar fructose, soap, glycerine, chemicals and beverages industries. The total cost of the project is estimated at Rs. 216.560 million with a foreign currency component of Rs. 60.00 million which is reported to have been sanctioned as loan equivalent to US dollar 3.936 million of the local currency cost of Rs. 129.960 million, institutional financing for purchase of locally fabricated machinery is Rs. 42 million.

While the initial paid up capital is proposed at Rs. 86.62 million, 50 per cent of which will be offered to general public for subscription in due course since the company would be floated as a public limited enterprise, Customs debentures would account for Rs. 1.340 million. The project would be based on rice husk as the main raw material.

NATIONAL CHEMICAL

INDUSTRIES (PVT.) LTD.

This project is being set up at Gadoon Amazai Swabi (NWFP) to manufacture dyes having a capacity of 300 tonnes per annum on three shifts basis. The total cost of the project is Rs. 26.050 million. PICIC sanctioned a loan of Rs. 19.00 million in September 1990.

USMAT CHEMICALS (PVT.) LTD.

This project is being sanctioned at Lahore for the manufacture of Aluminum Sulphate having a capacity of 1,500 tons per annum. The project is estimated to cost Rs. 4,624 including foreign exchange component of Rs. 2.200 million. IDBP has already sanctioned a loan for the equal amount to cover the foreign exchange cost. Pak Chemicals is already manufacturing Aluminium Sulphate and it has a capacity of 6000 tonnes per annum. Another company Allied Chemicals having a capacity of 2000 tons is reported to have stopped production.

GADOON SYNTHETIC MILLS LIMITED:

House 14, Street 42 F-7/1, Islamabad. A new project to undertake production of polypropylene yarn is proposed to be established at Gadoon Amazai Industrial Estate in the NWFP. The plant would have a designed capacity for the production of 192 tonnes Bulk Continuous Filament (BCF) of fully drawn polypropylene yarn (3 to 6 ply), spun dyed in three different colours annually. The proposed unit involves an estimated cost of Rs. 130 million including a foreign exchange component of Rs. 78 million. A local financial institution has reportedly sanctioned a loan to cover the foreign exchange cost of the project.

The local currency cost of Rs. 52 million will be met to the extent of Rs. 26 million by the sponsors, while the remaining Rs. 26 million will be offered to general public for subscription. The polypropylene yarn of 1.5 to 3 deniers is used in the manufacture of hosiery items, blankets, upholstery and other fabrics while yarn from 6 to 15 deniers is used to manufacture carpets and other flooring materials. The polypropylene filament yarn is recognised as a better substitute for acrylic yarn. For the first time the hot spinning technology will be used in the production of polypropylene yarn in Pakistan for which the sponsors will enter into technical know-how agreement with the foreign machinery suppliers.

NORTHERN POLYETHYLENE LTD.

151-C West Ridge 1, Peshawar Road, Rawalpindi. This project is being set up at Islamabad for the manufacture of low and high density polyethylene. The estimated cost of the project is Rs. 2105 million. The project was sanctioned by IPB on March 14, 1990.

AGRO LINK FERTILIZER

(PVT) LTD.

This project is being set up at Sahiwal at an estimated cost of Rs. 36.837 million for the manufacture of organic fertilizer. The estimated capacity of the project will be about 36,000 tons per annum The project was sanctioned in February by IDBP and it has also provided local currency loan of Rs. 9.500 million.

PAK GREEN FERTILIZER LTD.

This project is being set up at Hub Chowki in Balochistan for the manufacture of chemical fertilizer. The estimated cost of the project is 102.105 million including foreign exchange component of Rs. 2,170 million. The project was sanctioned in April 1990.

RAVI PLASTICIZERS (PVT) LTD.

This project is being set up at Sheikhupura for the manufacture of Di-Octyle Phtalate having an annual capacity of 10,000 tons. The estimated cost of the project is Rs. 64.674 million including foreign exchange cost of Rs. 10.314 million. The project was sanctioned by IDBP in February 1990 and it also provided local currency loan of Rs. 37.000 million.
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Title Annotation:chemical industry projects in Pakistan
Publication:Economic Review
Date:Nov 1, 1990
Words:869
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