In a noteworthy achievement, Pakistan Aluminium Beverage Cans Limited (PSX: PABC) has successfully exceeded its previous production capacity, reaching an impressive 1,200 million cans per annum. This major news came just after the completion of PABC's expansion/equalisation project, reflecting the company's commitment to meeting the rising demand for aluminium beverage cans.
"We are pleased to announce that with the successful installation and commissioning of our expansion/equalisation project, our new rated capacity now stands at 1,200 million cans per annum," the stock filing cabinet of PABC declared.
Company background - in short
PABC, the most extensive and exclusive beverage can manufacturer in Pakistan, unveiled plans last year to augment its production capacity. The successful installation and commissioning of the expansion project at the Faisalabad Special Economic Zone have bolstered the company's operational efficiencies and economies of scale. Since initiating commercial operations in September 2017, PABC has been a critical player in the manufacturing and sale of aluminium cans.
Financial Snapshot – PABC
At the latest trading session, PABC's scrip stood at PKR, Rs 70.44, marking a 1.28 per cent increase. With a turnover of 317,224 shares, the company continues to demonstrate its robust position in the market.
Pakistan Aluminium Beverage Cans Limited's successful venture into increased production capacity signifies not only a corporate triumph but also a pivotal moment in the evolving landscape of the aluminium industry.
"This increased capacity will significantly enhance our operational efficiencies and economies of scale, allowing us to better meet the demand for aluminium beverage cans," the company previously notified in a statement. With visionary steps, PABC stands poised for continued success in meeting the demands of a dynamic market.
If the aluminium value chain is your dwelling ground, please have a look at AL Circle’s special report, Global Aluminium Industry Key Trends to 2030.
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