EnVen resumes production after $50 million overhaul
KARACHI: Pakistan’s largest fertilizer plant, Engro’s EnVen, has restarted production after a 55-day, $50 million cost recovery, coinciding with the ongoing wheat sowing season. The plant, with an installed production capacity of 1.3 million tonnes, is back in operation, but this will not offset the expensive import of urea as the government has approved the import of 100,000 tonnes to maintain stocks during the winter crop production season. Speaking to The Express Tribune after a corporate briefing held by Engro Corporation, Optimus Capital Management (OCM) analyst Areeba Nasir said there is no connection between EnVen’s return to production and the
