January 22, 2021: The Board of International Industries Limited’s (INTL) wholly owned subsidiary IlL Americas Inc. has announced that after completing 40 years of Service in the Group with the last 2 as the Founder Chief Executive Officer, of INTL's wholly owned subsidiary in Canada IlL Americas mc, Mr. Mohsin Safdar will be handing over charge of IlL Americas mc, at the end of the third quarter of the current Financial Year.
Mr. Mohsin Safdar has played a pivotal role in laying the foundation of INTL's recent growth and diversification including becoming a multinational company with both IlL Americas Inc and IlL Australia Pty Ltd becoming profitable entities.
The board has over the last few months been taking actions to appoint his successor and is confident that a successor will takeover in a timely manner and a smooth transfer of responsibilities is carried out.
INIL is Pakistan's largest manufacturer of steel, stainless steel and polymer pipes with an annual manufacturing capacity of 817,000 tons and annual revenues of almost Rs.26 billion, a significant contributor to the country's foreign exchange inflow and a model corporate citizen.
Its exports over the last 5 years exceeded USD 238.4 Million and it has won FPCCI's export awards for the last 20 years, with sales to 60 countries. In last 5 years, the Company has also contributed over Rs. 19.3 Billion in duties and taxes to the national exchequer.
