‘TSML strengthening bond between South Korea and Pakistan’
September 29, 2013
South Korean government and business community have explored Pakistan as potential economic hub, willing to invest in different sectors, particularly steel, which offers huge growth opportunities spurred by government’s investment-friendly policies.
This was stated by the Ambassador of South Korea, Jong Hwan Song, during his visit to Tuwairqi Steel Mills Limited (TSML), Saturday. Terming steel as vital for economic development of any country, he said that TSML is an industrial icon strengthening the bond between South Korea and Pakistan. “South Korean steel giant POSCO is already an equity partner with Al-Tuwairqi in this project and contemplating to invest more for the backward and forward integration in this initial effort of the DRI plant.”
He specially lauded the extraordinary efforts of the technical team of TSML which only within 120 days of trial production had been able to test run the plant at 100 percent of its rated capacity in May 2013, under the supervision of the OEM experts. Ambassador after seeing the certificate issued by the OEM congratulated the team for meeting all the required parameters of the OEM’s specifications and achieving quality of the product par excellence. Earlier, Zaigham Adil Rizvi, Country Head/Director (Projects), TSML gave a detailed presentation about the project and shared statistics about the global steel industry vis-à-vis the current status of steel sector in Pakistan.-PR Courtesy Business Recorder.
Published in ZaraiMedia.com