LAHORE: FF Steel latest Initiative Grade 80 Steel Bar for which first time in Pakistani industry, consulting and academia joined hands for an important industrial turning point thanks to the introduction of products in Revolutionary Steel: Grade 80 steel bar is appreciated and this will bring new Revolution in the field.
This was stated by the governor of Punjab Chaudhry Muhammad Sarwar during a speech at the launch ceremony in Lahore.
The launch ceremony organized by FF Steel was also Grace of Muhammad Mohsin Khan Laghari, Provincial Minister of Punjab for Irrigation.
Mr. Peng Zhengwu Consul General of China in Punjab in Lahore, Mirza Asif Baig, Chief Executive NESPAK MDCG, Mr. Sohail Kibria Head Research & Development NESPAK apart senior members of industrial and academic consultancy.
Mr. Nauman Wazir Khattak said the company started producing grade 80 steel and now it is in business available for customers.
He said that if conventional steel was replaced by grade 80 steel, then total the savings will be around PKR 33 billion per year. Him further added that the company is planning for an IPO soon which will provide investment opportunities for the masses.
Also, FF Steel is also exporting steel in Afghanistan and entered the world of Copper business getting his first never shipping of non-ferrous unit. Production of non-ferrous units are a door to open up good-time trade investments for Pakistan.
NUST and NESPAK collaborated in this joint venture with FF Steel to produce Grade-80 steel bars, ensuring economic viability and cost-effective at the same time. It is going to give a whole new direction to construction of skyscrapers and CPEC projects.
