International Steels Limited: Difference between revisions
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| name = International Steels Limited
| trading_name =
| logo =
| type = [[Public company|Public]]
| traded_as = {{karse|ISL}}
| area_served = Pakistan
| key_people = Yousuf H. Mirza ([[CEO]]) <br/> Kamal A.Chinoy ([[chairperson]])
| industry = [[Steel]]
| products =
| founder = Towfiq H. Chinoy<ref>{{Cite web|url=https://www.brecorder.com/news/4675001 |title=Towfiq H. Chinoy, founder International Steel Limited |website=Business Recorder}}</ref>
| foundation = {{Start date and age|2007}}
| location = [[Karachi]], Sindh
| revenue = {{decrease}} {{PKRConvert|76.75|b}}
| parent = International Industries Limited▼
| revenue_year = 2023
| operating_income = {{decrease}} {{PKRConvert|7.455|b}}
| income_year = 2023
| net_income = {{decrease}} {{PKRConvert|3.518|b}}
| net_income_year = 2023
| assets = {{decrease}} {{PKRConvert|42.391|b}}
| assets_year = 2023
| equity = {{decrease}} {{PKRConvert|21.683|b}}
| equity_year = 2023
| num_employees = 688
| num_employees_year = 2023
| owner = [[International Industries Limited]] (56.33%) <br/> [[Sumitomo Corporation]] (9.07%) <br/> [[JFE Steel]] (4.74%)
▲| parent = [[International Industries Limited]]
| website = {{URL|isl.com.pk}}
| footnotes = Financials {{as of|2023|6|30}} <ref name="AR2023">{{cite web|title=International Steels Limited Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=214416 |access-date=18 May 2024}}</ref>
}}
'''International Steels Limited''' ({{lang-ur
== History ==
International Steels was
In June 2011, International Steels was listed on the [[Karachi Stock Exchange]], following an [[initial public offering]] at a strike price of
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of [[galvanized steel]].<ref name="tribune.com.pk">{{cite web|url=https://tribune.com.pk/story/1314123/expansioninternational-steels-plans-boost-production-capacity/|title=Expansion:International Steels plans to boost production capacity|date=1 February 2017|publisher=The Express Tribune}}</ref><ref name="auto1">{{Cite web|url=http://www.brecorder.com/news/4382854|title=International Steels Limited expands production to over 500,000MT|date=March 8, 2016|website=Brecorder}}</ref> The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant.<ref name="auto1"/>
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum.<ref>{{Cite web|url=https://tribune.com.pk/story/1744246/international-steels-new-plant-comes-line|title=International Steels’ new plant comes on line|first=Bilal|last=Hussain|date=June 27, 2018|website=The Express Tribune}}</ref><ref>{{Cite web |url=https://www.thenews.com.pk/print/334466-international-steels-emerges-as-biggest-cold-roller-after-kick-starting-new-plant |title=International Steels emerges as biggest cold roller after kick-starting new plant |first=Danyal |last=Haris |date=June 28, 2018 |website=[[The News International]]}}</ref>
==References==
|
Latest revision as of 17:12, 30 May 2024
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Company type | Public |
---|---|
PSX: ISL | |
Industry | Steel |
Founded | 2007 |
Founder | Towfiq H. Chinoy[1] |
Headquarters | Karachi, Sindh |
Area served | Pakistan |
Key people | Yousuf H. Mirza (CEO) Kamal A.Chinoy (chairperson) |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owner | International Industries Limited (56.33%) Sumitomo Corporation (9.07%) JFE Steel (4.74%) |
Number of employees | 688 (2023) |
Parent | International Industries Limited |
Website | isl |
Footnotes / references Financials As of 30 June 2023[update] [2] |
International Steels Limited (Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets.[3][4] It is based in Karachi, Pakistan.[5]
History
[edit]International Steels was incorporated in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel.[6][3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel.[7] The plant is located in the industrial estate of Landhi.[8] The project received $18.40 million loan from the International Finance Corporation which included a convertible loan of $6.4 million.[7]
In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 14.06.[9]
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel.[5][10] The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant.[10]
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum.[11][12]
References
[edit]- ^ "Towfiq H. Chinoy, founder International Steel Limited". Business Recorder.
- ^ "International Steels Limited Annual Report 2023". Retrieved 18 May 2024.
- ^ a b Research, B. R. (2024-02-07). "International Steels Limited". Brecorder. Retrieved 2024-02-09.
- ^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
- ^ a b "Expansion:International Steels plans to boost production capacity". The Express Tribune. 1 February 2017.
- ^ Newspaper, From the (April 12, 2011). "First IPO after 12 months over-subscribed". DAWN.COM.
- ^ a b "International Steels IFC funding".
- ^ Hussain, Arshad (January 22, 2018). "Aisha Steel Mills Ltd- Yet another business case built on protectionism". Profit by Pakistan Today.
- ^ "International Steel: Trading starts at the Karachi stock exchange". The Express Tribune. June 1, 2011.
- ^ a b "International Steels Limited expands production to over 500,000MT". Brecorder. March 8, 2016.
- ^ Hussain, Bilal (June 27, 2018). "International Steels' new plant comes on line". The Express Tribune.
- ^ Haris, Danyal (June 28, 2018). "International Steels emerges as biggest cold roller after kick-starting new plant". The News International.