Engro Polymer Trying Hard In Pandemic to complete the Expansion in Due Time

Quarterly progress report on implementation of PVC expansion / VCM debottlenecking
In The Notice given by Engro Polymer – EPCL to PSX here is the progress
Construction works related to PVC-III were resumed on 21st May 2020, post easing of lock down restrictions by the GOS. We are in the process of building manpower despite the challenges posed by the Pandemic in Pakistan to expedite the progress and conclude the pending works related to construction. At the same time efforts are being made to develop a plan for bringing in equipment suppliers and vendors for supporting commissioning works that are expected to start in the fourth quarter. On the VCM plant debottlenecking, detailed engineering works are nearing completion while procurement activities pertaining to order placements are also in their final stages. On the construction front work has been resumed at site in June and measures are being taken to expedite the output. Due to the above, the announced completion timeline will extend, and we are now targeting COD of PVC Expansion and VCM DBN in the first quarter of year 2021. We will update the Exchange accordingly as required under Regulation 10(2) of the Companies (Further Issue of Capital) Regulations 2020