Pakistan Oxygen to build multi-million electrode plant in Karachi
>Business Recorder, the Board of Directors of Pakistan Oxygen Limited in its meeting held today (Monday) has approved an investment plan of about Rs417.5 million for setting up a new electrode manufacturing facility (the “Plant”) in Karachi.
The company informed that the plant would feature the latest European technology and is expected to commence production by early 2022.
The company added that it is already engaged in the manufacture of quality welding consumables and 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,” it stated.