Significant investments to expand and improve the efficiency of domestic PVC production have created an opportunity for Pakistan to earn USD 300 million through the export of surplus volumes and products.
Currently, Pakistan’s per capita PVC consumption stands at 1.2 kg versus a global average of 6.1 kg. Growth in our per capita consumption will be driven by rising per capita income, increasing urbanization, and robust domestic manufacturing in the coming years. Through various customer engagement and market development initiatives, such as a retail outlet – think PVC, Engro Polymer and Chemicals Limited (EPCL) is actively promoting various standardized, high-quality PVC products.
At a media briefing on Wednesday, Mahmood Siddiqui, Vice President of the Manufacturing wing of the Company, highlighted, “Since 2015, the Company has invested over USD 188 million in Plant expansion and other upgrade projects for higher efficiency, reliability, and diversification of operations. In 2021, EPCL enhanced its PVC capacity to 295,000 tons per annum, which is sufficient to fully cater to the local demand and achieve exports as well.”
Muhammad Idrees, Chief Commercial Officer at EPCL, said that “the Company is collaborating with TDAP to explore global markets for export of value-added PVC downstream products. In the last two years, the Company exported surplus products worth USD 48 million to Turkiye and Middle Eastern markets, while import substitution of around USD 300 million contributed significantly toward solving Pakistan’s balance of payments situation. The downstream PVC industry can fully utilize its excess capacity and help in earning USD 300 million in valuable foreign exchange by standardizing and improving the quality of finished products.” —APP
