The Company takes another strategic step towards fulfilling growth aspirations by enhancing the product portfolio of its Chemicals Business.
KARACHI: ICI Pakistan Limited has launched commercial operations of its state-of-the-art Masterbatches manufacturing facility in Karachi.
In July 2017, the Board of Directors of ICI Pakistan Limited had approved a proposal to establish a facility to manufacture Masterbatches, a colourant and additive that enhances the properties of plastics.
Over the last few years, the market for Masterbatches has shown solid growth in Pakistan and this trend is expected to continue in the future as well. With latest European technology and a well-equipped research and development laboratory, ICI Pakistan Limited is well positioned to continuously innovate and develop high quality, specialised solutions for customers. The modern production facility will be backed by well-trained and qualified technical staff for ongoing customer support.
“Our Chemicals Business has added value to practically every industry in Pakistan for several decades. The Masterbatches project will further diversify our product portfolio to bring the best solutions to our customers. This new business segment will help the Company maintain its upward momentum in line with its growth aspirations”, said Asif Jooma, the Chief Executive of ICI Pakistan Limited.