Pakistan Oxygen to Invest Rs. 4.4 Billion in Pakistan

The Board of Directors of Pakistan Oxygen Limited (formerly Linde Pakistan Limited), in its meeting held on Thursday, approved an investment plan of about Rs. 4.4 billion to set-up the largest air separation plant in Pakistan.

According to a notification sent by the company on Friday, the plant will be able to produce around 250 tons of air separation unit (ASU) products per day, read the notification.

This Rs 4.4 billion investment by Pakistan Oxygen Limited will include distribution and equipment needed to back the volume growth with current and new customers.

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The plant is expected to come online in quarter two of 2020, read the notification.

Pakistan Oxygen Limited (formerly Linde Pakistan Limited) is a leading supplier of industrial & medical gases, pipeline services and welding solutions in Pakistan since 1935.

The company services customers across a wide spectrum of industries ranging from chemical and petrochemical to steel, food and healthcare.

PAKOXY’s script at the bourse was trading at Rs 245, up by 1.66% with a turnover of 2700 shares.