News

Pakistan Oxygen to build multi-million electrode plant in Karachi

Pakistan Oxygen Limited (POL), one of the country’s leading suppliers of industrial and medical gases, has announced its plans to set up an electrode manufacturing plant worth millions of rupees.

As reported by 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.

Back in November last year, the company approved an investment plan of about Rs6.3 billion to set up the latest and the most energy-efficient Air Separation Unit in its class.

The 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,” said the company.

The creation of the electrode manufacturing facility will play a critical role in driving employment opportunities for locals and boosting the production of various tools and batteries that rely on electrodes.

Sponsored
Hamza Zakir

Platonist. Humanist. Unusually edgy sometimes.

Share
Published by
Hamza Zakir

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

5 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

6 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

8 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

8 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

9 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

10 hours ago