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Naveena Group to Set Up Rebar Mill at Port Qasim in Karachi

Steel News - Published on Mon, 06 Jul 2020

Image Source: Naveena Group Rebar Mill Port Qasim
Naveena Group, a conglomerate dealing in textile exports, spinning, wind power and other business sectors, on Sunday announced the launch of Naveena Steel, its green field steel plant located at Port Qasim in Karachi. The group will be introducing its Italian plant with Pakistan’s first induction heating system using the revolutionary direct rolling technology to consistently produce international standard pure steel rebars for all types of construction.

It said “Naveena Steel Mills (Private) Limited is being developed with a view that rapid urbanisation and industrialisation resulting from China-Pakistan Economic Corridor related infrastructure projects will increase the demand for steel in the country. The state-of-the-art metallurgical processes would enable NSMPL to produce better quality steel rebars with improved yield that would give them a competitive edge over the existing setups.”

Naveena Group plans to benefit from the plant’s proximity with the port which would result in cost-effective import of scrap steel, the raw material for the product.

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Posted By : Yogender Pancholi on Mon, 06 Jul 2020
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