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Markets INIL (International Industries Limited) 148.00 Increased By ▲ 1.68%

Pakistan's largest steel manufacturer incorporates IlL Construction Solutions

  • The company was of the view that this investment would ultimately result in conserving foreign exchange, bring forth economic growth and sustainability.
Published August 28, 2020

Pakistan's largest manufacturer of steel, International Industries Limited (IIL) has incorporated a wholly-owned subsidiary IlL Construction Solutions (Private) Limited.

In a statement, the company said that: “Using IlL scaffolding tubes and ISL coils, CSL will manufacture with the most modern equipment (including welding robots) Scaffolding, Shoring and Formwork products and systems used in the construction industry. These products and systems will not only be sold in the market but in order to make them readily available will also be supplied on a rental basis nationwide across major economic centers.”

“CSL will further provide structural engineering and steel fabrication services as well as turnkey construction solutions based on IlL HSS tubes and pipes, thereby providing customers with further value-added services. It will fabricate and supply various kinds of engineered steel structures and products using IlL's HSS tubes and pipes. The structures will include, but not be limited to, warehouses, industrial sheds, residential and commercial constructions (including extensions), solar structures, pedestrian bridges, car porches, pergolas, and gazebos etc,” it added.

The company was of the view that this investment would ultimately result in conserving foreign exchange, bring forth economic growth and sustainability. At the same time, this will facilitate employment opportunities in the industry.

IIL is Pakistan's largest manufacturer of steel, stainless steel, and polymer pipes with an annual manufacturing capacity of 817,000 tons and annual revenues of almost Rs26 billion. Its exports over the last 5 years exceeded $238.4 million and it has also contributed over Rs19.3 billion in duties and taxes to the national exchequer.

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