KARACHI: Ismail Industries Limited will make an equity investment of Rs1.5 billion in a recently incorporate subsidiary Ismail Resin Private Limited, which intends to setup a polyester resin (PET Resin) plant.
Ismail Resin intends to setup PET Resin manufacturing plant with a capacity of 108,000 tons/annum keeping in view of growing demand of it.
This new manufacturing facility will not only meet the local growing demand of PET Resin in Pakistan but would capture the global market as well.
Board of Ismail Industries also approved to issue cross corporate guarantee of upto Rs4.7 billion for Ismail Resin.
The Board of Ismail Industries also decided to issue cross corporate guarantee to the lender of its subsidiary company Hudson Pharma, which have the intention of setting up Pakistan’s first vitamins and minerals premix facility at their existing manufacturing site at Port Qasim.
Currently, all premix requirements are imported, and this initiative will result in import substitution providing good savings in terms of foreign exchange.
Since launching its flagship brand CandyLand in 1988, Ismail Industries has established itself as the largest confectionery manufacturer as well as largest confectionery exporter in Pakistan. Over the years, Ismail Industries has expanded horizontally by launching brands such as Bisconni (biscuits and cookies) and SnackCity (chips, peanuts, etc.), as well as vertically through Astro Plastics, which manufactures packing and plastic films.
For over two decades Ismail Industries Limited has been exporting its products to more than 40 countries in North America, Europe, Australia, Africa, Far East and the Middle East. https://ismailindustries.com.pk/