PSX

PAKOXY approved an investment plan of Rs. 6.3Bn to setup an efficient Air Separation Unit

The Board of Directors of the Company in its meeting held on November 20, 2020 has approved an investment plan of about Rs. 6.3 billion to setup 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 opt° 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 Company is a leading supplier of industrial & medical gases, pipeline services and welding solutions in Pakistan since 1935. The Company services customers across a wide spectrum of industries ranging from chemical and petrochemical to steel, food and healthcare.

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