The Company

The Altuwairqi Group of Companies {ATG} one of the leading business concerns in the Kingdom of Saudi Arabia and the largest private sector steel producer, is in the process of setting up a steel making plant in Karachi Pakistan.

The project namely Tuwairqi Steel Mills Limited (TSML), Whose foundation stone was laid by the president of Pakistan General Pervez Musharraf on the 30^th of March, 2006, spreads over 220 acres and has a strategic location at Port Qasim Karachi.

TSML shall be a state-of the-art steel making complex becoming the biggest steel producing project in Pakistan. The plant shall have a capacity of 1.28 million tons per annum using the world’s most advanced DRI {direct reduced iron} technology of the MIDREX process which uses natural gas to convert iron ore into Direct Reduced Iron. The process uses both lump iron ore and iron pellets as the raw material and recycles the used gas. The process lowers both energy consumption and environmental impact, making it an environmentally friendly process. Alongwith an Intermediary Phase which includes the setting up of an Induction Furnace to produce 0.5 million tons of billets per annum is also being executed. The Intermediary Phase will be completed close to the completion of DRI Plant. Phase II of the project consists of installation of an Electric Arc Furnace and continuous caster to produce 1.28 million tons high quality billets.

The Government of Pakistan has extended the project the status of Export Processing Zone (EPZ) along with a provision to export 100% of its production to Pakistan, Who is a net importer of steel products. The annual demand for steel in the currently stands at 7 million tons, while the steel production being carried out in the country is approx. 5 million tons per year
Thus TSML be playing a pioneering role towards promoting investment and shall provide impetus to other investors to come to Pakistan and capitalize on the investment opportunities