This plant is going to be the first automated plant of its kind in Pakistan and will be established on turnkey basis with an initial cost of Rs500 million, allocated for the first phase. PHOTO: REUTERS
The SS Group of Industries Pakistan in collaboration with Muyang Holdings Limited China will establish a fully automated poultry feed production unit, the group announced on Thursday.
This plant is going to be the first automated plant of its kind in Pakistan and will be established on turnkey basis with an initial cost of Rs500 million, allocated for the first phase. This is an equity-based project and is in line with the prime minister’s incentive scheme of tax exemption on 100% equity-based project, said Group Chief Executive Officer Shahzad Ali Khan.
“Once completed, we hope the project will support and contribute to the rural economy,” he added.
The SS Group includes SS Oil Mills, Standard Spinning, Standard Edible Oil and Sikandar Commodities. The group has an annual turnover of Rs8 billion, which Khan believes will most likely cross Rs15 billion, when the new poultry feed production unit is operational by 2016.
Published in The Express Tribune, February 13th, 2015.
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