Pakistan Synthetics announces new manufacturing machinery and a solar battery energy storage project
Operations UpdatePakistan Synthetics Limited has signed a contract with SACMI Imola Italy to procure two additional plastic closure manufacturing systems. It has also agreed with Pragmatic Engineering Solutions FZE and Sungrow Power Supply Co. Ltd. for a 10MW/20MWh battery energy storage system, scheduled for completion by the end of financial year 2027.
Key Findings
- The company is procuring two additional plastic closure manufacturing systems from SACMI Imola Italy.
- An agreement has been entered into for a 10MW/20MWh battery energy storage system.
- The BESS is intended to use solar energy stored during the day during peak-demand hours, reducing grid electricity consumption and energy costs.
- The project is scheduled for completion by the end of financial year 2027.
Disclosure Details
Expected Completion Date
End Of Financial Year 2027
Entities Involved
Pakistan Synthetics Limited, SACMI Imola Italy, Pragmatic Engineering Solutions FZE, Sungrow Power Supply Co. Ltd.
Impact
Additional plastic closure manufacturing capacity and a 10MW/20MWh battery energy storage system are expected to support operations, reduce grid electricity consumption and lower energy costs.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
