Pakistan's largest private steel plant ready for production

Discussion in 'Pakistan' started by farhan_9909, Dec 18, 2012.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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    LAHORE: Pakistan's largest steel producing mill in the private sector, Tuwairqi Steel Mills Limited, is ready for commercial production in the first week of January 2013.

    It will cater not only steel needs of the country but also export value-added products to other countries.

    The setting up of the mega project would entice foreign investors in the country.

    The mega project of over $350 million is mainly sponsored by Saudi Arabian-based Al Tuwairqi company (ISPC) and Posco of South Korea.

    These views were expressed by TSML Director Project Zaigham Adil Rizvi at a seminar held at a local hotel on Monday. He was flanked by chief guest Engineering Development Board CEO Qazi Abdadullah.

    EPZA Chairman Saadat Cheema, POSCO Resident Director Young-Ho Yoo, Punjab Health Minister Khawaja Sulman Rafique, Nespak Vice President Iftikhar Qazi, Banu Mukhtar CEO SM Assad, Izhaar Group CEO Marghoub, Shajarpak MD Khawaja Usman, Midrex Commissioning Managers Paul Jaimungal Singh, Waddington Stawrt Godfrey and MMTE Plant Manager Masoud Darvishi also speak on the occasion.

    Posco-South Korean steel giant - has invested $16 million to keep the mega project going. Khawaja Usman of Shajarpak said, "If we can become atomic power why not a steel giant".

    He said that currently Pakistan was depending on imports for the production of heavy mechanical structures and engineering goods but after producing high-quality steel at the TSML plant, Pakistan would be able to manufacture heavy equipment locally.

    Copyright APP (Associated Press of Pakistan), 2012
    Pakistan's largest private steel plant ready for production
     
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  3. sob

    sob Moderator Moderator

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    What is the capacity of the steel plant and where will they be sourcing the iron ore from?

    Also looking at the power situation, is there plans for a captive power plant also.
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    kabhi kuch to apne aap kar liya karo:lol::lol::tsk::tsk:
     
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  5. farhan_9909

    farhan_9909 Tihar Jail Banned

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    [​IMG]

    New steel plant to start production from January – The Express Tribune

    Tuwairqi Steel Mills Limited

    Tuwairqi Steel Mills Limited

    Give a look to the Salient Features as well

    Tuwairqi Steel Mills Limited
     
    Tolaha, Virendra and sob like this.
  6. Virendra

    Virendra Moderator Moderator

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    Good to see a non-Chinese venture in Pakistan. How much employment is it expected to generate and what part would consist of the local Baloch?
    I'm guessing that the Iron ore supply from Baluchistan that they mentioned, won't be a cake walk. Because lack of ore is one of the reasons that the 'Pakistan Steels' is almost shut down.
    Not sure what new trick the TSML has spun.
    As it says that there would be export of steel, who are the potential buyers?

    Also, for Industrial power Pakistan can look into the possibility of buying it from Afghans. I hope that would be a comfortable preposition?
    I'm saying because either of the Western powers or India would eventually complete hydro power projects on Afghanistani rivers.
    One project is for transmission lines to and sub-station in Kabul. From there the power would be supplied to Uzbekistan.
    Pakistan can draw a smiliar arrangement with Afghanistan. There is Salma Dam project in Herat as well.

    Regards,
    Virendra
     
  7. sob

    sob Moderator Moderator

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    They will not be producing high grade steel as they will be using scrap as one of the raw materials. Looks like the output would be more suited for the construction industry or they will be making intermediates for exports to other steel plants
     
  8. farhan_9909

    farhan_9909 Tihar Jail Banned

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    BME in the past has supplied iron ore to Pakistna steel mills(source of corruption mills)

    TSML must have signed deal with BMW..the above i posted is directly from TSML official site

    Bolan Mining Enterprises




    Iron Ore Mining in Pakistan - Overview
     
  9. Blackwater

    Blackwater Veteran Member Veteran Member

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    what pakistan will get out of this investment.??


    According to business prospective, if saudis and Korean are investing ,will they give steel to local Pakistanis public on low rates??
     

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