AGHA STEEL INDUSTRIES, leader in quality rebar production in Pakistan awarded Danieli Centro Met to develop Pakistan’s largest steel melting furnace
Stepping forward to productivity increase, improving transformation costs and sustainability in Steel production, are the drivers for the Project at Agha Steel Industries.
Italian Embassy, Islamabad hosted a Pak-Italy Friendship Contract Signing Ceremony in Sarena Islamabad on Wednesday, July 27, 2016 where The Contract for the Meltshop Enhancement Project was signed between Agha Steel Industries- Pakistan and Danieli – Italy, the project includes the complete reconstruction of the Electric Arc Furnace (EAF) and a new Fume Treatment Plant.
Agha Steel Industries is the only private steelmaker running a Minimill EAF based in Pakistan, and from 2011 has reached a very important position in a market with a growing demand for quality construction steel.
Danieli, established since 1914, is the leader in engineering technology and machinery supply to the metals Industry. The group has a proven track record for innovation, spending 140 M Euro on just research and development each year, is known for supplying the most efficient technologies. Danieli, public listed company in Italy, has revenues of approximately €3 billion, is looking to collaborate with Agha Steel to enhance the steel making capacity of the company.
The project will ensure that Agha Steel Industries utilizes the largest steel manufacturing furnace in Pakistan to make quality grade rebars for the upcoming growth in steel demand to be witnessed from CPEC (China-Pakistan Economic Corridor) related projects.
Agha Steel is also committed to move towards an environmental friendly steelmaking shop by installing a new fumes dedusting System.
With the Meltshop enhancement project, Agha Steel Industries is taking a step ahead on the sustainable steel production.
On this occasion, Italian Ambassador, His Excellency Stefano Pontecorvo shared his gratitude during this milestone as positive step in Pak-Italy economic friendship relations. He further extended his best wishes for Agha Steel Industries and Danieli for a successful implementation of the plant, which will ultimately be a source of active support in national infrastructural growth of Pakistan.
Hussain Agha, Executive Director Agha Steel Industries notes “We are the fastest growing steel manufacturer in Pakistan and are expected to have an IPO soon. By chosing Danieli as our technology supplier, it is testament that we are focused on the utmost value creation for our upcoming Shareholders during the IPO. Agha Steel’s future and Pakistan’s future are intertwined and we will work hard towards a brighter future!”