PABC increases can manufacturing capacity

In a statement from its first quarterly report of 2023, Pakistan Aluminium Beverage Cans (PABC), announced that its project to expand its rated can manufacturing capacity from 700 million cans per year to 1,200 million cans per year is making good progress.

The company’s expansion plan was divided into two phases, with each phase aiming to increase the rated capacity by 250 million cans per year. In August 2022, the company successfully commissioned the first phase of the project, achieving the rated capacity enhancement of 250 million cans per year. The company announced the second phase in October 2022, which is expected to be completed by 2023.

According to PABC, the additional capacity will enable the company to attain operational and cost efficiencies and enhance its capability to fulfill the demand for aluminium beverage cans more efficiently.

The company reported that its net sales increased by Rs. 2.56 billion in the quarter ended 31 March 2023, reaching Rs. 5.18 billion, which represents a 97.42% increase compared to the same period last year. The revenue growth is attributed to increased can sales as well as currency devaluation, said the company.