PAKISTAN
Archroma Pakistan Limited has informed the Pakistan Stock Exchange (PSX) about the signing of a 15-year agreement with Pakistan Oxygen Limited for the supply of hydrogen gas to its manufacturing facility in Jamshoro.
According to the company’s notice, the agreement aims to ensure a steady and uninterrupted supply of hydrogen, a critical raw material used in the production of Indigo — a key product in Archroma’s textile dyes portfolio.
The uninterrupted supply is expected to significantly boost Archroma’s production capabilities, enabling the company to not only meet local demand but also expand its export operations. Indigo is one of the company’s major export products, contributing to both economic growth and foreign exchange earnings.
Archroma noted that this development aligns with its long-term growth strategy and will help drive operational efficiency through stable sourcing of key inputs.
The company has classified this as material information and has submitted the relevant disclosure form to the PSX. – Engineering Review
