Pakistan Oxygen Limited (PAKOXY) today announced that it has “approved an investment plan of about Rs. 4.4 billion to set-up largest air separation plant (the “Plant”) in Pakistan. The new state-of-the-art Plant will be capable of producing up to 250 tons per day of Air Separation Unit (ASU) products.”

The investment will also include distribution and equipment required to support the volume growth with existing and new customers. The plant is expected to come on stream in 02 2020.