HMC chalks out business plan to make nuclear power plants
MUSHTAQ GHUMMAN
ISLAMABAD (November 26 2006): The Heavy Mechanical Complex (HMC), Pakistan's public sector entity, is planning to manufacture nuclear power plants and equipment to meet domestic requirements and export, informed sources told Business Recorder.
"Nuclear power plants will come up after 10 years, however, the HMC would commence manufacturing work after three to four years in accordance with the co-operative arrangements with the Pakistan Atomic Energy Commission (PAEC)," the sources added.
Sources said the HMC has formulated a five-year business plan, according to which the company would make heavy investment in manufacturing of engineering goods to meet local requirements and export to Middle East, African countries, Bangladesh, Sri Lanka and Indonesia.
According to the up-gradation, the expansion and business plans, the HMC would also manufacture high pressure bagasse-fired boilers in sugar industry for co-generation, fluidised bed coal-fired boilers for industrial use and power generation, coal gasification plants for domestic use, small hydropower plants, thermal power plants, utility and heat recovery boilers, balance of plant equipment and wind power generation equipment.
The entity would also prepare oil and gas refining/processing plants, fertiliser plants equipment, road construction machines, namely vibratory road rollers, asphalt plants, earth-moving machinery, bulldozers, seismic and water drilling rigs and high wear and heat resistant alloy castings.
Sources said the HMC has asked the government to provide required funding for technology acquiring, BMRE and human resource otherwise it would not be able to sustain its operations for long under the present condition.
Meanwhile, a meeting was held on Saturday with Industries and Production Minister Jahangir Khan Tareen in the chair to discuss HMC business plan.
After a detailed discussion the minister tasked the HMC, the Engineering Development Board (EDB) and the Technology Upgradation and Skill Development Company (Tusdec) to formulate a comprehensive business plan for up-gradation by January 15.
"We need to upgrade the HMC to capture opportunities coming from a spur in business activities as more and more investment is coming into Pakistan," says a press release issued by the ministry.
A detailed presentation was given to the minister about objectives, status, sector-wise sales share, domestic market situation, export market, emerging business sectors, forthcoming active projects, active project investment plan, BMRE requirements, technology acquisition/development, training, and requirement of professionals.
It was also informed that annual average turnover of the HMC has reached Rs 1 billion, and major business has mostly come from the sugar sector.
The chairman, State Engineering Corporation (SEC), was of the view that to achieve the objective, the HMC would have to enter new high value-added business sectors by carrying out BMRE, acquiring new technologies and addition of professionals.
Among others, Industries Secretary Shahab Khawaja, Engineering Development Board CEO, Tusdec chairman, SEC chairman, HMC managing director, and other senior officers of the ministry attended the meeting.
http://www.brecorder.com/index.php?id=501405&currPageNo=1&query=&search=&term=&supDate=
MUSHTAQ GHUMMAN
ISLAMABAD (November 26 2006): The Heavy Mechanical Complex (HMC), Pakistan's public sector entity, is planning to manufacture nuclear power plants and equipment to meet domestic requirements and export, informed sources told Business Recorder.
"Nuclear power plants will come up after 10 years, however, the HMC would commence manufacturing work after three to four years in accordance with the co-operative arrangements with the Pakistan Atomic Energy Commission (PAEC)," the sources added.
Sources said the HMC has formulated a five-year business plan, according to which the company would make heavy investment in manufacturing of engineering goods to meet local requirements and export to Middle East, African countries, Bangladesh, Sri Lanka and Indonesia.
According to the up-gradation, the expansion and business plans, the HMC would also manufacture high pressure bagasse-fired boilers in sugar industry for co-generation, fluidised bed coal-fired boilers for industrial use and power generation, coal gasification plants for domestic use, small hydropower plants, thermal power plants, utility and heat recovery boilers, balance of plant equipment and wind power generation equipment.
The entity would also prepare oil and gas refining/processing plants, fertiliser plants equipment, road construction machines, namely vibratory road rollers, asphalt plants, earth-moving machinery, bulldozers, seismic and water drilling rigs and high wear and heat resistant alloy castings.
Sources said the HMC has asked the government to provide required funding for technology acquiring, BMRE and human resource otherwise it would not be able to sustain its operations for long under the present condition.
Meanwhile, a meeting was held on Saturday with Industries and Production Minister Jahangir Khan Tareen in the chair to discuss HMC business plan.
After a detailed discussion the minister tasked the HMC, the Engineering Development Board (EDB) and the Technology Upgradation and Skill Development Company (Tusdec) to formulate a comprehensive business plan for up-gradation by January 15.
"We need to upgrade the HMC to capture opportunities coming from a spur in business activities as more and more investment is coming into Pakistan," says a press release issued by the ministry.
A detailed presentation was given to the minister about objectives, status, sector-wise sales share, domestic market situation, export market, emerging business sectors, forthcoming active projects, active project investment plan, BMRE requirements, technology acquisition/development, training, and requirement of professionals.
It was also informed that annual average turnover of the HMC has reached Rs 1 billion, and major business has mostly come from the sugar sector.
The chairman, State Engineering Corporation (SEC), was of the view that to achieve the objective, the HMC would have to enter new high value-added business sectors by carrying out BMRE, acquiring new technologies and addition of professionals.
Among others, Industries Secretary Shahab Khawaja, Engineering Development Board CEO, Tusdec chairman, SEC chairman, HMC managing director, and other senior officers of the ministry attended the meeting.
http://www.brecorder.com/index.php?id=501405&currPageNo=1&query=&search=&term=&supDate=
