Engro Polymer and Chemicals Limited is holding an analyst briefing to discuss the financial results for the period ended 30th June 2023. In this regard, we'd like to invite Security Analysts / Research Analysts, Members of Pakistan Stock Exchange Limited and Bankers. The details of the meeting are given below:
Date: Friday, August 11, 2023
Time:
2:30 PM
Venue: Karachi School of Business and Leadership (KSBL) / video link facility
To participate in cloud-based briefing, please follow the link:
Join Zoom Meeting
https://engro.zoom.us/j/95703780457
Meeting ID: 957 0378 0457
Passcode: 848161
Before joining you would be requested to mention your name. Please note that interested participants must mention the name of their organization along with their names so that we could admit you to the briefing. We would appreciate your assistance in communicating this information to members of the exchange.
Regards,
Manager Finance & Business Planning
Analyst Briefing - Q2 2023
Engro Polymer & Chemicals Limited
Key Highlights
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TRIR (total recordable injury rate) of 0.23
Execution of digitization and efficiency projects
Weakness Worsening global macroeconomic and geopolitical developments
Continued increases in cost of doing business given devaluation and inflationary pressures
2
Engro Polymer & Chemicals Limited
International Markets
International Market Prices
International PVC Price
USD/Ton
2,000
1,700
1,400
1,100
800
500
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug Sep
Oct
Nov Dec
2020
2021
2022
2023
PVC - Ethylene Core Delta
USD/Ton
1,400
1,100
800
500
200
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2020
2021
2022
2023
PVC international prices witnessed a continued decline in the second quarter
Prices softened on the back of a hazy economic outlook, geopolitical turbulence, high volatility in international prices, slower than expected recovery in China, and an oversupply situation in India.
Ethylene prices decreased during the quarter due to limited downstream demand, volatility in oil prices, and oversupply across most regions.
Ethylene prices will remain impacted by crude oil prices and OPEC+ decisions
PVC prices are expected to recover to healthy levels once the challenging global geopolitical climate improves and recessionary concerns subside
Source: Platts, ICIS 4
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Engro Polymer & Chemicals Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 08:11:10 UTC.
Engro Polymer & Chemicals Limited is a Pakistan-based company. The Company's principal activity is the production and distribution of chlor-vinyl products, including poly vinyl chloride (PVC), vinyl chloride monomer (VCM), caustic soda liquid, caustic soda flakes, hydrochloric acid, and sodium hypochlorite. It operates in three segments: PVC and allied chemicals, caustic soda and allied chemicals, and power supplies. The PVC and allied chemicals segment manufactures and sells PVC and allied chemicals to various industrial customers, including pipe manufacturers, shoe and packaging industry. The caustic soda and allied chemicals segment manufacture and sell caustic soda and allied chemicals to textile and soap industry. The power supplies segment supplies surplus power generated from its power plants to Engro Fertilizers Limited. The Company manufactures and markets over four grades of PVC under the brand name SABZ.
ENGRO POLYMER AND CHEMICALS LIMITED 
