Aisha Steel
Aisha Steel Mills Limited (ASML) (عائشہ اسٹیل ملز لمیٹڈ) is a Karachi-based steel manufacturing company with production capacity of 220,000 metric tons per year.[1] It is owned by Arif Habib Group.[1]
 | |
| PSX: ASL | |
| Type | Public |
| Industry | Steel |
| Founded | 2005  |
| Founder | Arif Habib |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Munir Ahmed (CEO and Director) |
| Products | Cold rolled steel coils and sheets |
Number of employees | 753 |
| Parent | Arif Habib Group |
| Website | www |
Its plant is located at Bin Qasim, Karachi and produces at a capacity of 220,000 metric tons per year.[1]
History
Aisha Steel Mills was founded in 2005 as a joint venture between Arif Habib Group, Metal One Corporation, a subsidiary of Mitsubishi and Universal Metal One, one of the world's largest steel trading companies.[2]
In 2012, it had an initial public offering (IPO) and was oversubscribed by 2.7 times.[3] In the same year, the company started commercial operations.[2]
In 2017, under China-Pakistan Economic Corridor (CPEC) agreement between the governments of China and Pakistan, Aisha Steel Mills like other major steel producers in Pakistan, is preparing to meet the expected increase in steel supply demands related to the upcoming infrastructure projects in Pakistan.[4][5]
References
- Hussain, Arshad (January 22, 2018). "Aisha Steel Mills Ltd- Yet another business case built on protectionism". Profit by Pakistan Today.
- Hussain, Dilawar (March 24, 2014). "Anomalies hamper steel production". DAWN.COM.
- Faseeh Mangi (12 July 2012). "IPO sale: Aisha Steel Mills surprises itself". The Express Tribune (newspaper). Retrieved 17 June 2021.
- Hussain, Dilawar (July 3, 2017). "Steel mills prepare to meet CPEC demand". DAWN.COM.
- "Rising prices help Aisha Steel continue growth trajectory". Profit by Pakistan Today. December 2, 2019.