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Foundry Daily News

20. September 2012

Pakistan Steel expansion plan to be finalised soon

The Express Tribune said that officers of Pakistan Steel Mills have expressed the hope that Russia and Pakistan will finalize details of the mill’s expansion plan in upcoming visit of Russian President Mr Vladimir Putin.

Mr Pervaiz Iqbal acting Principal Executive Officer said that the increase in production capacity would open new doors of prosperity for Pakistan. In this regard a MoU was likely to be signed between Pakistan and Russia during Mr Putin’s trip next month.

The briefing coincided with the 362nd meeting of PS board of directors which discussed the business plan, marketing strategy and expansion project.

Major General (Retd) Muhammad Javed CEO of PS while briefing about the marketing and sales plan said that PS was trying to use available inventory of products and working in line with market demand.

The board also discussed the progress of business plan and stressed the need for its effective implementation to achieve targets. It was decided that support plans in terms of logistics arrangement, production cycle and market forecast should be developed to ensure success of the business plan.

Source - The Express Tribune

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