Category: Manufacturing

Lotte Chemical has sold a 75.01% stake in its Pakistani subsidiary to a consortium comprising Asia Park Investment and Montage Oil DMCC. The deal, estimated to be worth over 100 billion won, is part of Lotte Chemical’s broader restructuring efforts aimed at reducing its reliance on basic commodity production and expanding its specialty business. The…

PAKISTAN – INDUSTRY Sakrand Sugar Mills has decided to develop a Biomass Pellet Plant, aiming to diversify the company’s strategic initiatives, according to a notice to the Pakistan Stock Exchange. The notice states that the Board of Directors of Sakrand Sugar Mills Limited, through a circular resolution, has approved the commencement of the development of…

World – Automobiles Japan’s Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan’s board members were due to meet in the near future to decide a course of action. The development puts in doubt a tie-up that would create the world’s third-largest automaker by…

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has invited the global stakeholders “to support Pakistan’s journey by investing in priority sectors such as agriculture, Information Technology (IT), renewable energy and pharmaceutical Sectors”. In the article published on the World Economic Forum (WEF) website, the Minister highlights the transformative journey embarked upon by Pakistan…

Japanese auto major Suzuki Motor Corporation (SMC) will leverage India as a production hub, also for electric vehicles, Toshihiro Suzuki, Representative Director and President said, adding the company expects demand for electric cars to grow in the country bucking global trends and will introduce multiple products including compact affordable ones to strengthen its presence in…