ACI Ltd. has informed that the Board of Directors has approved the following projects for ACI Formulations Ltd :
a) Sulphur Project: The co. will establish its own Sulphur manufacturing plant. The total project cost has been estimated at TK. 135 m. with pay back period of slightly more than 3 years. The annual average turnover from the projects will be Tk. 292 m. with estimated average profit after tax (PAT) of Tk. 54 m.
b) NPKS fertilizer Project: The co. has also decided to set up its own plant for producing NPKS fertilizer. The total cost of the project is Tk. 276 m. with pay back period of 3.4 years. The annual average turnover from the projects will be Tk. 1.6 billion with profit after tax (PAT) of Tk. 51m. c)The company has also informed that the Board of Directors of the company has approved offloading of 10% shares of ACI Motors in favor of the co. to become a shareholders of ACI Motors.By becoming a shareholder of ACI Motors, the co. will be able to communicate the availability of agriculture machinery and equipment and be able to act as "one stop solution" providers for the farmers communities.
