In Faisalabad Daewoo Starts Manufacturing Batteries project
Daewoo Starts Manufacturing Batteries:
In Faisalabad Daewoo Starts Manufacturing Batteries project. Daewoo is one of the world’s leading battery manufacturers and our association with the company will bring about increased synergies as well as a solid product.The plant’s manufacturing facilities are almost complete, and the plant shall start the trial production from October onward. Subsequent to the results of the trial production, the plant is expected to start regular production during the second half of the current financial year. The plant, a state of the art manufacturing facility spread over an area of 40 acres, is the result of PKR 6bn investment from Treet Corporation. Treet’s script at the bourse was trading at Rs. 41.00 gaining +Rs. 1.54 or +3.90% with a turnover of 971,000 shares.
Treet shall manufacture maintenance-free (MF) and deep-cycle batteries, under the brand name of Daewoo in Pakistan. The manufacturing facility is fully OSHA compliant, and has achieved about 2.5 million safe man hours so far. The plant is being completed under the supervision of the Korean experts, with supplies and materials from 26 manufacturers/suppliers from nine different countries, press release.-PR