Company type | Public |
---|---|
PSX: ISL | |
Industry | Steel |
Founded | 2007 |
Founder | Towfiq H. Chinoy [1] |
Headquarters | Karachi, Sindh |
Area served | Pakistan |
Key people | Yousuf H. Mirza (
CEO) Kamal A.Chinoy ( chairperson) |
Revenue | Rs. 76.75 billion (US$270 million) (2023) |
Rs. 7.455 billion (US$26 million) (2023) | |
Rs. 3.518 billion (US$12 million) (2023) | |
Total assets | Rs. 42.391 billion (US$150 million) (2023) |
Total equity | Rs. 21.683 billion (US$75 million) (2023) |
Owner |
International Industries Limited (56.33%) Sumitomo Corporation (9.07%) JFE Steel (4.74%) |
Number of employees | 688 (2023) |
Parent | International Industries Limited |
Website |
isl |
Footnotes / references Financials As of 30 June 2023 [update] [2] |
International Steels Limited ( Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets. [3] [4] It is based in Karachi, Pakistan. [5]
International Steels was incorporated in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel. [6] [3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel. [7] The plant is located in the industrial estate of Landhi. [8] The project received $18.40 million loan from the International Finance Corporation which included a convertible loan of $6.4 million. [7]
In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 14.06. [9]
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel. [5] [10] The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant. [10]
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum. [11] [12]
Company type | Public |
---|---|
PSX: ISL | |
Industry | Steel |
Founded | 2007 |
Founder | Towfiq H. Chinoy [1] |
Headquarters | Karachi, Sindh |
Area served | Pakistan |
Key people | Yousuf H. Mirza (
CEO) Kamal A.Chinoy ( chairperson) |
Revenue | Rs. 76.75 billion (US$270 million) (2023) |
Rs. 7.455 billion (US$26 million) (2023) | |
Rs. 3.518 billion (US$12 million) (2023) | |
Total assets | Rs. 42.391 billion (US$150 million) (2023) |
Total equity | Rs. 21.683 billion (US$75 million) (2023) |
Owner |
International Industries Limited (56.33%) Sumitomo Corporation (9.07%) JFE Steel (4.74%) |
Number of employees | 688 (2023) |
Parent | International Industries Limited |
Website |
isl |
Footnotes / references Financials As of 30 June 2023 [update] [2] |
International Steels Limited ( Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets. [3] [4] It is based in Karachi, Pakistan. [5]
International Steels was incorporated in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel. [6] [3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel. [7] The plant is located in the industrial estate of Landhi. [8] The project received $18.40 million loan from the International Finance Corporation which included a convertible loan of $6.4 million. [7]
In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 14.06. [9]
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel. [5] [10] The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant. [10]
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum. [11] [12]