Pakistan Oxygen Ltd approves setting up of new electrode manufacturing facility at Karachi

MG News | March 01, 2021 at 10:28 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 1, 2021 (MLN): The Board of Directors of Pakistan Oxygen Limited (PAKOXY) has approved an investment plan of about Rs. 417.5 million for setting up a new electrode manufacturing facility (the "Plant") at Karachi.

According to the company’s notice to PSX, the latest technology European plant is expected to commence production by early 2022.

The Company is already engaged in the manufacture of quality welding consumables and the sale of welding machines and allied accessories. With the proposed expansion, the Company's capacity and capability in the welding and hardgoods segment will be enhanced to better meet the growing demand for quality electrodes in the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,506.31 634.15M	-0.36% -609.51
ALLSHR	102,597.99 1,100.83M	-0.03% -32.82
KSE30	51,021.03 79.10M	-0.89% -457.52
KMI30	244,736.28 154.00M	-0.41% -995.51
KMIALLSHR	66,770.85 754.12M	0.18% 120.54
BKTi	46,874.09 27.88M	-0.86% -405.50
OGTi	35,621.25 6.98M	-0.23% -83.69

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,335.00	82,215.00 80,840.00	-850.00 -1.03%
BRENT CRUDE	105.32	105.35 104.23	1.11 1.07%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	109.70	110.00 108.15	2.60 2.43%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	99.22	99.28 98.00	1.15 1.17%
SUGAR #11 WORLD	14.95	14.99 14.60	0.26 1.77%