Magazine article Economic Review

International Industries Limited

Magazine article Economic Review

International Industries Limited

Article excerpt

Executive Summary

International Industries Limited incorporated in 1948 as a trading company, ventured into the business of manufacturing high quality welded steel pipes and tubes in 1965. The first pipes to roll out were high quality electric resistance welded pipes, used as Electric Conduit.

Precision steel tubes remained the core of its pipe and tube manufacturing operations until 1982. Manufacturing was expanded to include Galvanized Pipe in 1983. Cold rolled strip manufacture for in-house use and sale, commenced when the company commissioned the country's first and only Cold rolling Mill in the private sector in 1990. The Company remains the market leader of Galvanized Pipe and Precision Steel Tubing manufacturing 124,000 Tons of pipes from 1/2" to 6" Pipes, Sales in the fiscal year 2003-04 are in access of Rs. 4.97 billion.

International sales commenced in an organized manner in 1995. Today, the Company remains the leading exporter of welded steel pipes and tubes from Pakistan and is selling its products in all continents. With its sophisticated machinery, ongoing expansion plans and upgrade to value added products, the company has been successful in developing new export markets and is poised to increase and expand these sales. The increased level of international sales is a strong endorsement of the company's resolve and intent with the quality of its products comparable of those manufactured internationally. The fiscal year 2003-04 sales exceed 120,000 tons per annum with export sales valued at over Rs. …

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