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.
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