11
Jul
15:01
Pakistani tinplate producer plans own CRC capacity
Pakistan’s Siddiqsons Tinplate (STL) plans to establish a 200,000 tonnes/year capacity cold rolling mill in order to improve feedstock self-sufficiency and increase export sales. The tinplate producer is carrying out a rights issue to raise at least PKR 1.8 billion ($14.8 million) of funds for the expansion.
The rights have been issued at a ratio of 1.92 per ordinary share with a premium of PKR 2 per share. There are 150,819,864 ordinary shares at PKR…
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