Karachi April 25 2024: Nimir Industrial Chemicals Limited (NICL) has reached a definitive agreement with Procter & Gamble Pakistan Private Limited (P&G) for the acquisition of its soap manufacturing facility situated in Hub, Baluchistan (Plant) pending customary closing and regulatory approvals.
When the transaction is completed, the Plant will be owned by NICL and it will utilize the Plant for its business interests including but not limited to soap manufacturing for its clients. Furthermore, NICL will commence toll manufacturing of Safeguard products for P&G.
This strategic move is set to elevate NICL’s capacity to cater to its customers efficiently. Acquiring this facility marks a significant step in fortifying NICL’s footprint in the South, while also enabling expanded exports through the seaport.
