November 20, 2020 (MLN): Pakistan Qxygen Limited via notification to PSX informed that the Board of Directors of the Company in its meeting held today, has approved an investment plan of about Rs. 6.3 billion to set-up the latest and the most energy efficient Air Separation Unit (the “Plant”) in its class.
The new state-of-the-art Plant will be sourced from Linde GmbH, Linde Engineering Pullach Germany, and will be capable of producing upto 270 tons per day air separation (ASU) products. The Plant is superior due to higher capacity, better Specific Power Consumption (SPC), product quality, reliability and advanced control system.
The investment will include the Plant and associated storage equipment as required to support the volume growth with existing and new customers. The Plant is expected to come on stream in 2023, the notice revealed.
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