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Tag: ICI Pakistan

  • ICI Pakistan Limited acquires NutriCo

    ICI Pakistan Limited acquires NutriCo

    KARACHI: ICI Pakistan Limited on Tuesday announced 51 per cent shareholding and making NutriCo Pakistan (Private) Limited its subsidiary.

    In a communication to Pakistan Stock Exchange (PSX), the company said that ICI Pakistan Limited had successfully completed the acquisition of 55,013 ordinary shares (equivalent to 11 per cent shareholding) of NutriCo Pakistan (Private) Limited.

    Following the acquisition, the total shareholding of ICI Pakistan Limited in NutriCo Pakistan (Private) Limited stands 51 per cent, making NutriCo Pakistan (Private) Limited a subsidiary of ICI Pakistan Limited.

  • ICI Pakistan suspends production

    ICI Pakistan suspends production

    KARACHI: ICI Pakistan Limited on Thursday announced temporarily closing down its polyester plant and office locations due to measures taken by the government to contain coronavirus.

    In a notice sent to Pakistan Stock Exchange (PSX), the company said that in accordance with directives of the government with regard to containment of COVID-19, the company has temporarily closed its polyester plant and office locations (which do not fall within the definition of essential services) till further orders and has moved to work from home arrangements to the extent possible.

    The company shall keep the stock exchange updated of any further material developments.