Japanese Marubeni Itochu Steel Inc has entered into a strategic alliance with Karachi Pakistan based Aisha Steel Mills Limited. They have signed a Trade Development Agreement in order to expand steel business in Pakistan, pursuant to which, it has been agreed that subject to certain conditions, Aisha Steel Mills Limited has appointed Marubeni-Itochu Steel Inc as its supplier for buying or procuring its raw material on a mutually beneficial basis.Additionally, Marubeni Itochu Steel Inc has purchased 38,276,000 Ordinary shares of Aisha Steel Mills Limited from its owner Arif Habib Corporation Limited at a price of PKR 30 per share, constituting approximately 4.69% of the issued share capital of ASML.”Aisha Steel Mills Limited is located at Bin Qasim in Karachi and produces CR & HDG steel at a capacity of 220,000 tonnes per year.
Japanese Marubeni Itochu Steel Inc has entered into a strategic alliance with Karachi Pakistan based Aisha Steel Mills Limited. They have signed a Trade Development Agreement in order to expand steel business in Pakistan, pursuant to which, it has been agreed that subject to certain conditions, Aisha Steel Mills Limited has appointed Marubeni-Itochu Steel Inc as its supplier for buying or procuring its raw material on a mutually beneficial basis.Additionally, Marubeni Itochu Steel Inc has purchased 38,276,000 Ordinary shares of Aisha Steel Mills Limited from its owner Arif Habib Corporation Limited at a price of PKR 30 per share, constituting approximately 4.69% of the issued share capital of ASML.”Aisha Steel Mills Limited is located at Bin Qasim in Karachi and produces CR & HDG steel at a capacity of 220,000 tonnes per year.
