Dutch firm to set up plant in Sindh
Barkat company will contribute an investment of Rs100 million while its Dutch counterpart will invest Rs75 million
Barkat Frisian Pasteurised egg plant at the Bin Qasim Industrial Park was a sign of trust of international companies in Pakistan’s economy PHOTO: EXPRESS
KARACHI:
Frisian Egg, a Netherlands-based multinational egg processing company, is setting up Pakistan’s largest egg processing factory in collaboration with a local partner in Sindh, which will be the first such factory in the province that is expected to start commercial production by the end of 2018. Sindh Board of Investment (SBI) Chairperson Naheed Memon in a meeting said the establishment of Barkat Frisian Pasteurised egg plant at the Bin Qasim Industrial Park was a sign of trust of international companies in Pakistan’s economy.
Barkat company will contribute for the project an investment of Rs100 million while its Dutch counterpart will invest Rs75 million. Meezan Bank will provide a loan of Rs125 million whereas the Sindh Enterprise Development Fund will provide Rs20 million with interest at subsidised rate.
Published in The Express Tribune, June 7th, 2018.
Frisian Egg, a Netherlands-based multinational egg processing company, is setting up Pakistan’s largest egg processing factory in collaboration with a local partner in Sindh, which will be the first such factory in the province that is expected to start commercial production by the end of 2018. Sindh Board of Investment (SBI) Chairperson Naheed Memon in a meeting said the establishment of Barkat Frisian Pasteurised egg plant at the Bin Qasim Industrial Park was a sign of trust of international companies in Pakistan’s economy.
Barkat company will contribute for the project an investment of Rs100 million while its Dutch counterpart will invest Rs75 million. Meezan Bank will provide a loan of Rs125 million whereas the Sindh Enterprise Development Fund will provide Rs20 million with interest at subsidised rate.
Published in The Express Tribune, June 7th, 2018.