May 07, 2025 (MLN): International Industries Limited (PSX: INIL) has set up a fully owned subsidiary, "INIL Europe Limited," in Ireland, with the primary goal of expanding its global presence by trading its products in Ireland and other European Union countries.
INIL Europe will play a key role in opening new markets for IIL products and promoting the "Pakistan" brand in Europe.
This venture will also contribute to earning foreign exchange, supporting the economic growth and sustainability of both IIL and the country.
The Company is confident of leveraging its brand and reputation for quality and reliability to establish a rewarding niche in Europe, the company's filing on PSX revealed today.
INIL is the largest manufacturer and exporter of steel and polymer pipes in Pakistan.
Over the past five years, IIL's exports have surpassed $150 million, and the company has been honored with the FPCCI's export awards for 24 consecutive years.
Its products have been sold in more than 60 countries, including Australia, North America, Europe, Africa, the Middle East, and South Asia.
Moreover, IIL has contributed over Rs6.4 billion in duties and taxes to the national exchequer.
As part of its growth strategy, IIL is focused on the sustainable expansion of both its domestic and export portfolios, while also exploring new revenue opportunities.
To this end, the company is evaluating various new ventures, planning to introduce new products, and targeting exciting new markets.
In line with this strategic direction, IIL has already established subsidiaries such as IIL Australia Pty Ltd. in Australia, IIL Americas Inc. in Canada, and IIL Trading (Pvt) Ltd. in Pakistan.
A new venture has now been launched by IIL in Europe.
