Lucky Core Industries Approves Expansion Plan for Khewra Plant

The Board of Directors of Lucky Core Industries Limited (PSX: LCI) has formally approved a capacity expansion of 200,000 tons per annum (TPA) at its Soda Ash plant in Khewra, the company informed the main bourse on Wednesday. Upon completion, this expansion will increase the total installed capacity at the Soda Ash plant from 560,000 TPA to 760,000 TPA. The LCI Board has also authorized the management to finalize and execute agreements with respective technology and equipment suppliers. LCI is engaged in five diverse businesses: Polyester, Soda Ash, Chemicals & Agri Sciences, Pharmaceuticals, and Animal Health. Through these businesses, the Company manufactures and trades in a wide range of products including polyester staple fiber (PSF), soda ash, general and specialty chemicals, pharmaceuticals, nutraceuticals, animal health products, and agricultural products (including chemicals, field crop seeds, vegetable seeds and more). At the time of filing, LCI’s scrip at the bourse was Rs. 997.95, up 3.27 percent or Rs. 31.59 with a turnover of 18,974 shares on Wednesday.