KARACHI: Pakistan Oxygen Ltd formally approved an investment plan of approximately Rs5.1 billion to set up ‘the latest air separation unit (ASU) in its class in Pakistan’.

The company informed the bourse that the plan was approved in its meeting on March 18. The board was said to have evaluated various ASU manufacturers and financing options before giving their nod. The new expansion would increase the company’s ASU gases manufacturing capacity by approximately another 95 per cent. The plant is expected to come on stream in the fourth quarter of 2021.

Published in Dawn, March 20th, 2019