Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever produc

Discussion in 'Pakistan' started by farhan_9909, Jun 17, 2013.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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    Al-Tuwairqi records highest-ever production
    Friday, May 24, 2013

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    KARACHI: Tuwairqi Steel Mills Limited (TSML), Pakistan’s first private sector integrated environment-friendly steel manufacturing complex and a joint venture of Al-Tuwairqi Holding (ATH)/ISPC of the Kingdom of Saudi Arabia and the world’s third largest steel maker POSCO has recorded the ever highest production of an iron making plant in Pakistan during the Plant Demonstration Test (PDT) conducted in the expert supervision of MIDREX, USA.

    During the PDT, the plant ran at 100 percent of its rated capacity i.e producing 160 tonnes of high quality Direct Reduced Iron (DRI) per hour for 72 hours achieving all of its operational targets.

    This development comes at a crucial juncture when Pakistan’s current per capita steel consumption is only 40 kilogram, which is exuberantly low, when compared with the global average of 215 kilogram. This establishes a dire need and increased emphasis on achieving international benchmarks to become a modern and an efficient economy.

    Dr Asif Brohi President National Bank of Pakistan congratulated the entire team of Tuwairqi Steel Mills on achieving this milestone and appreciated their enthusiasm and technical expertise.

    It is heartening to observe TSML has already increased the production capacity of Pakistan by 1.28 million tonnes per annum, which would help meet the ever growing demands of steel in Pakistan and with its massive expansion and modernization plans, Al-Tuwairqi is poised to transform the country into an industrial hub, he added.

    Zaigham Adil Rizvi Director (Projects) TSML said, “We are committed to our vision to participate in the development of national economy in order to have a long sustaining growth of Pakistan.”

    During the PDT, Chang Hee Lee Council General of South Korea, Rahat Kamal DMD SSGC, Major General Javed (r) Chairman Pakistan Steel Mills; Zubair Motiwalla Chairman Sindh Board of Investment, Waqar Ahmed Hashmi DMD KW&SB and Ghulam Rasool Shiekh from EPZA were also present.

    Al-Tuwairqi kicked off the commercial production of TSML’s 1st phase in January this year-a Direct Reduction of Iron (DRI) making plant with the capacity to produce up to 1.28 million tonnes per annum of high quality DRI, which is evidently steel’s most versatile metallic and a preferred raw material for quality steel making worldwide. staff report

    Daily Times - Leading News Resource of Pakistan
     
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  3. farhan_9909

    farhan_9909 Tihar Jail Banned

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    @sob

    if i remember correctly long back you said from where will this plant get raw material and energy

    now this is the situation
     
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  4. Singh

    Singh Phat Cat Administrator

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    @farhan_9909 @sob
    The question still stands.

    Does Pakistan have reserves of Coke, Coal, Iron Ore, Natural Gas etc.

    Though, looking at its capacity Pakistan can easily use this.
     
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  5. farhan_9909

    farhan_9909 Tihar Jail Banned

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    considering wiki as the source

    Coal reserves are huge.very huge..even one indian billionaire wanted to invest upto 2billions dollars in thar.Nawaz party member once said we will revive the offer of indian billionaire

    List of countries by natural gas proven reserves - Wikipedia, the free encyclopedia

    considering the size of pakistan..pakistan almost has 80% of india's proven reserves..though new discoveries are made recently with reserves worth twice the size of sui in just one block.though they will need sometime to get active
     
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  6. Singh

    Singh Phat Cat Administrator

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    1. Proven Coal Reserves ?
    Pakistan's reserves are 3% of India's
    International Energy Statistics
    International Energy Statistics

    2. Pakistan's Gas Reserves are half of India's
    International Energy Statistics
    International Energy Statistics

    3. It takes years and billions of dollars of investment to exploit Gas Reserves.
     
  7. farhan_9909

    farhan_9909 Tihar Jail Banned

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    because of even them being discovered in 1990..not a single extraction site is made till date..initially till 2002 because of supreme court.
    But when Musharaf started from start than came the PPP and there corruption

    Pakistan having more than 184billions tons of coal reserves still import 70% of its coal frm other countries

    About gas.yes pakistan reserves are getting depleted.and will only rise after 4-5 years when the new extraction site becomes active
     
  8. drkrn

    drkrn Senior Member Senior Member

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    for a small country like pakistan to have half the reserves of gas as india is huge
     
  9. drkrn

    drkrn Senior Member Senior Member

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    its just not the presence of resources but also one need to look into the ease of using them along with cost benefit ratio.if its costly to use them than import then whats the use?

    any idea
     
  10. Singh

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    Re: Pak-Saudi joint steel venture: Al-Tuwairqi records highest-ever pr

    For a huge country like India, our gas reserves are miniscule. Qatar has 20 times the Gas we have for eg.
     

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