Pakistan Oxygen Limited to establish new ASU plant worth ₨. 2.5 billion in KPK
The new ASU plant will be extremly beneficial for KPK as it is currently dependent on trunking oxygen from elsewhere in the country.
The Pakistan Oxygen Limited (PAKOXY) has announced that it will establish a state-of-the-art ASU (Air Separation Unit) plant in the northern region of Pakistan.
This will be the company’s fifth ASU plant in the country.
This was revealed by PAKOXY in a notification to the Pakistan Stock Exchange (PSX) on Monday.
The ASU plant, which will be installed in Khyber Pakhtunkhwa (KPK), will significantly boost the country’s oxygen-producing capacity.
This is particularly beneficial for KPK as it is currently dependent on trunking from elsewhere in the country.
The plant is expected to come on stream by 2023.
According to a company statement, “the new ASU shall also be able to serve the multiple ongoing and upcoming CEPC (China-Pakistan Economic Corridor)-related projects in KPK providing growth opportunities for the Company.”
Along with Oxygen, the company’s investment in the ASU, which includes the plant and associated storage equipment, will meet the growing demand for other Industrial gases, including Nitrogen and Argon.
Pakistan Oxygen Limited (PAKOXY)
The Pakistan Oxygen Limited (PAKOXY), which is formerly known as Linde Pakistan Limited (2011-2018) — formerly BOC Pakistan (1949-2011) —, is a leading supplier of industrial, medical and specialty gases solutions, welding electrodes, and hard goods in Pakistan.
The company, headquartered at West Wharf in Karachi, was established in 1935, converted into a private limited company in 1949, and then converted into a public limited company in 1958.
Since the acquisition of the company from the Linde Group in 2018, the company’s new Board of Directors (BoD) has approved notable capital investments valuing around PKR 10 billion in development projects and for the betterment of the existing plants, machinery, and equipment.
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