PAKISTAN COLD ROLLING COIL BOSS PLOTS EXPANSION AFTER SUCCESSFUL IPO
July 1st, 2012
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
Karachi joint venture Aisha Steel Mills, Karachi, is planning to increase annual production of cold rolling coil (CRC) to 450,000 tonnes per annum in the next three years from an existing 220,000 tonnes, following a successful share sale.
Arif Habib, the chairman of the Arif Habib Group that controls 55% of the jv told Steel First: "There is a huge gap in demand and supply of the CRC in Pakistan, which needs more than 500,000 tonnes and most of it is met through imports. We intend to meet the demand by increasing the ...
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