ICI Pakistan Ltd plans to invest US$16 million on expanding it polyester staple fibre plant at Sheikupura by an additional 10,000 tonnes per annum.

In a statement issued to the Karachi Stock Exchange, ICI Pakistan said the project would involve technology suppliers Chemtex Overseas Inc utilising Invista (formerly DuPont) know-how.

"The decision to make this investment is evident of ICI's ongoing commitment to business growth in the region," said David J Gee, executive vice president for Regional and Industrial Business.