engro set for $1bn expansion in n africa

January 5, 2010

Financial Times - Engro , the Pakistani chemicals group, is set to spend $1bn expanding into north Africa in what would be the largest overseas investment by a privately owned Pakistan company.

Asad Umar, Engro’s chief executive, told the Financial Times that the group expected to conclude the $1bn deal to build a phosphate fertiliser plant in north Africa this year.

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