Karachi February 14 2022: Ghani Chemical Industries Limited (GCIL) the subsidiary company of Ghani Global Holdings Limited (GGL) has setup its 4Th ASU (Air Separation Unit) plant at Port Qasim, Karachi for exclusively supply of Liquid Oxygen and Liquid Nitrogen (the products) to Engro Polymer & Chemicals Limited, Port Qasim for a period of 15 years.
Formal supply of the products are expected to be commenced during 1st week of March 2022.
Construction work for setup of an additional manufacturing plant of 275MTPD capacity for medical and industrials gases at Hattar Economic Zone, District Haripur, Khyber Pakhtunkhwa (KP) has been commenced.
This decision has been made to respond to the national cause of overcoming the growing shortage of Oxygen in hospitals, and especially as a result of the recent EOI published by the Khyber Pakhtunkhwa Economic Zones Development & Management Company.
The added capacity shall ensure consistent supply of Oxygen to the hospitals in KP and Northern regions of the country with the spirit of combating COVID-19 emergencies besides meeting the industrial requirements of CPEC projects.
The added capacity shall ensure not only consistent supply of fast growing demand of Oxygen to the hospitals in KP and Northern regions of the country but also meeting the increasing demand of gases for development projects by Government and for industrial requirements of CPEC projects. Further this subsidiary has decided for setting-up of two state-of-the-art chemical plants for manufacturing of Citric Acid (import substitute) and Sulphuric Acid in Allama Iqbal Industry City, Faisalabad with an approximate cost of PKR 8.5 Billion and listing at PSX through Initial Public Offering (IPO) instead of merger of Karim Silk Mills Limited (KSML) with and into this subsidiary.
