KARACHI: Pakistan Oxygen Limited on Monday announced to set up an Air Separation Unit (ASU) with an amount of Rs2.5 billion.
The company will set up the unit in the northern of Pakistan. This is company’s fifth ASU plant in the country.
The board of directors of the company approved the investment plan on July 16, 2021. The investment will meet the growing demand of Oxygen in the country. It will meet demand from healthcare and industrial segments.
The company hoped new plant to come on stream by 2023. It made efforts to meet demand for COVID-19 patients. The company will install ASU plant in Khyber Pkhtunkwha province. The new ASU shall serve the various CPEC related projects in Khyber Pakhtunkhwa province.
The company approved around Rs10 billion. The largest investment of this is Rs6.3 billion for under construction plant at Port Qasim Karachi.
The company has three ASU plants in two major cities. These ASU plants have combined capacity of 263 tons per day.
In February this year company announced investment of Rs417.5 million to set up European technology electrode manufacturing in Karachi.
Pakistan Oxygen Limited is a leading supplier of industrial and medical gases. It provides pipeline services and welding solutions.