After achieving 22% capacity utilisation, the management of Pakistan Steel Mills (PSM) has set up meetings with different consumers to revive its business chain.
According to a press release, PSM Chief Executive Major General (retired) Zaheer Ahmed Khan met the consumers at the mill’s operations building and briefed them about the financial restructuring package worth Rs18.5 billion announced by the federal government for reviving the giant industrial complex.
“We achieved 22% capacity utilisation by September 20 and will touch 45-50% by next month,” he said. “The management is taking all necessary measures to upgrade automation, capital repair and maintenance processes.”
He said the management was arranging transport services for continuous delivery of iron ore and metallurgical coal to the consumers.
He also said the management wanted to meet the expectations of the government, which had shown confidence in workforce of the mill.
Published in The Express Tribune, September 30th, 2014.
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