Tuwairqi Steel Mills

Last updated
Tuwairqi Steel Mills Limited
Company typePrivate
Industry Steel mill
Headquarters
Karachi
,
Area served
Nationwide
Key people
Hilal H. Al-Tuwairqi
( Chairman )
Zaigham Adil Rizvi
(Project Director)
Zaigham Adil Rizvi
Young-Ho Yoo
(Resident Director)

The Tuwairqi Steel Mills Limited (TSML), is a vertically integrated multinational Steel mill, based in Karachi, Sindh, Pakistan. [1] [2]

Contents

An environmentally friendly and established by a private sector, the steel mill is co-financed by the Al-Tuwairqi Holdings (Saudi Arabia), POSCO (South Korea) [3] [4] [5] and the Arif Habib Group owners of downstream facility Aisha Steel Mills (Pakistan), and currently aiming to compete against the Pakistan Steel Mills (PSM) at the Karachi Stock Exchange (KSE) indexes. The steel mills is well expanded over an area of 220 acres (0.89 km2) at Bin Qasim, Karachi and employs the world's most advanced DRI (Direct Reduction of Iron) technology of the MIDREX process owned by Kobe Steel of Japan.

Pakistan refused to supply the gas to the company and Saudi Arabia decided to provide the gas to the company on cheaper rate. The Tuwarqi Management warned to disassemble and shift the plant to Saudi Arabia. [6] [7] [8] The Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmad Vohra requested Federal Minister Ishaq Dar to resolve the issue of gas supply to the TSML. [9]

Capacity

Its production capacity is 1.28 million tons of steel per annum. [10]

See also

Related Research Articles

<span class="mw-page-title-main">Nawaz Sharif</span> Former Pakistani Prime Minister (born 1949)

Mian Muhammad Nawaz Sharif is a Pakistani businessman and politician who served as the Prime Minister of Pakistan for three non-consecutive terms. He is the longest-serving prime minister of Pakistan, having served a total of more than 9 years across three tenures. Each term has ended in his ousting.

<span class="mw-page-title-main">Pakistan Steel Mills</span> Steel production company based in Pakistan

The Pakistan Steel Mills Corporation, colloquially referred to as Pak Steels, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country.

<span class="mw-page-title-main">K-Electric</span> Pakistani Energy company

K-Electric (KE) is a public listed Company incorporated in Pakistan in 1913 as KESC. Privatised in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the Company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the Company.

The Iran–Pakistan gas pipeline, also known as the Peace pipeline, or IP Gas, is an under-construction 2,775-kilometre (1,724 mi) pipeline to deliver natural gas from Iran to Pakistan.

<span class="mw-page-title-main">Lakson Group</span> Pakistani multinational conglomerate company

The Lakson Group is a Pakistani conglomerate company which is based in Karachi, Sindh, Pakistan. It was founded in 1954 and is owned by the Lakhani family. The conglomerate is based in Karachi and currently chaired by Iqbal Ali Lakhani.

Ghulam Fariduddin Ayaz Al-Hussaini Qawwal is a Pakistani Sufi devotional singer. He belongs to the Qawwal Bachchon Ka Gharana of Delhi.

<span class="mw-page-title-main">Pakistan–Russia relations</span> Bilateral relations

The Soviet Union and Pakistan first established the diplomatic and bilateral relations on 1 May 1948.

Electricity in Pakistan is generated, transmitted, distributed, and retail supplied by two vertically integrated public sector companies, Water and Power Development Authority (WAPDA) responsible for the production of hydroelectricity and supplied to the consumers by the power distribution companies (DISCOS) under the Pakistan Electric Power Company (PEPCO). Currently, there are 11 distribution companies and one National Transmission And Dispatch Company (NTDC) all in the public sector, and the Karachi Electric (K-Electric) for the city of Karachi and its surrounding areas. There are around 42 independent power producers (IPPs) that contribute significantly in electricity generation in Pakistan.

Iqbal Zafaruddin Ahmed or Iqbal Z. Ahmed is a businessman and philanthropist of Pakistan.

<span class="mw-page-title-main">Pakistan–Qatar relations</span> Bilateral relations

Pakistan–Qatar relations refer to the bilateral links between the Islamic Republic of Pakistan and the State of Qatar. Pakistan has an embassy in Doha; Qatar maintains an embassy in Islamabad and a consulate-general in Karachi. Relations between the two are shaped by Pakistan's generally close relations with the Arab world. Like other nearby gulf states, there is a large Pakistani community in Qatar which numbers over 150 000. They work in diverse fields and send remittances each year. During the 2010 Pakistan floods, Qatar provided timely assistance to the country. After the British left, Pakistan originally called for the territory to be merged into with the Trucial States of the United Arab Emirates, with which it had recognized in the same year despite this however diplomatic relations between the two were established.

Pride of Performance is a civil award given by the Government of Pakistan to Pakistani citizens in recognition of distinguished merit in the fields of literature, arts, sports, medicine, or science.

<span class="mw-page-title-main">National Refinery Limited</span> Pakistani oil refinery

National Refinery Limited (NRL) (نیشنل ریفائنری لمیٹڈ) is a Pakistani oil refinery which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Korangi Creek, Karachi, Pakistan.

<span class="mw-page-title-main">Dawood Hercules Corporation</span> Publicly listed company in Pakistan

Dawood Hercules Corporation Limited is a Pakistani publicly listed investment and holding company headquartered in Karachi. It operates its subsidiary Engro Corporation.

<span class="mw-page-title-main">15th Lux Style Awards</span> Pakistani film awards ceremony

The 15th Lux Style Awards ceremony, presented by Lux to honor the best in fashion, music, films, and Pakistani television in 2015, took place on 29 July 2016 at Expo Center, Karachi, Sindh, beginning at 7:30 p.m. PST. During the ceremony, LUX presented the Lux Style Awards in four segments including Film, Fashion, Television, and Music. The ceremony was televised in Pakistan by Geo Entertainment and was produced by Lux Unilever Pakistan.

<span class="mw-page-title-main">Aisha Steel</span> Pakistani steel company

Aisha Steel Mills Limited (ASML) is a Karachi-based steel manufacturing company with production capacity of 220,000 metric tons per year. It is owned by Arif Habib Group.

The National Fertilizer Corporation is a Pakistani government owned corporation based in Lahore. It is under the administrative control of the Ministry of Industries and Production (Pakistan).

<span class="mw-page-title-main">Bahria Town Karachi</span> Gated community in Sindh, Pakistan


Bahria Town Karachi is a privately owned gated suburb just off the M-9 Motorway northeast of Karachi, Pakistan. The suburb is being developed by the Bahria Town Group, and occupies over 46,000 acres. Construction started in 2014 and will continue.

Lt Gen (R) Bilal Akbar is a retired 3 Star General of the Pakistan Army and retired Pakistan Ambassador to Saudi Arabia.

<span class="mw-page-title-main">Abdul Razak Dawood</span> Pakistani industrialist and politician

Abdul Razak Dawood, is a Pakistani industrialist and was the Adviser for Commerce and Investment to the ex-Prime Minister Imran Khan. He served as a former Federal Minister of Commerce, Industries & Production between 1999 and 2002 in the cabinet of Pervez Musharraf.

<span class="mw-page-title-main">International Steels Limited</span>

International Steels Limited is a Pakistani company which manufactures steel products. It is based in Karachi, Pakistan.

References

  1. "Tuwairqi Steel Mills Limited". tuwairqi.com.pk.
  2. "Tag Archives: tuwairqi steel mills". The News Tribe. Retrieved 12 May 2016.
  3. "Tuwairqi Steel to lay off 1,000 workers". DAWN. January 29, 2015. Retrieved 12 May 2016.
  4. Shahab Nafees (September 14, 2014). "Tuwairqi Steel offers 7pc equity to govt". Dawn . Retrieved 12 May 2016.
  5. Desk, Web (September 28, 2013). "'Tuwairqi Steel Mills: An industrial icon strengthening the bond between South Korea and Pakistan'".
  6. Zafar Bhutta (January 24, 2015). "Shifting operations: Saudi Arabia offers cheaper gas to Tuwairqi Steel". The Express Tribune . Retrieved 12 May 2016.
  7. Zafar Bhutta (November 27, 2014). "Tuwairqi Steel warns: If gas doesn't come cheap, company will pack up". The Express Tribune . Retrieved 12 May 2016.
  8. "Gas supply row: Al Tuwairqi plans to shift steel plant to Saudi Arabia". The Express Tribune. January 15, 2015. Retrieved 12 May 2016.
  9. Monitoring Report (December 5, 2014). "KCCI seeks power supply to TSML at Rs123 per MM [million] BTU". Customs Today (newspaper) . Retrieved 12 May 2016.
  10. Hussain Ahmad Siddiqui. "Nervousness-of-steel". The News . Retrieved 12 May 2016.