Karachi: Archroma Pakistan Limited has announced a 15-year agreement with Pakistan Oxygen Limited to secure a consistent supply of hydrogen gas for its facility in Jamshoro. This strategic move is expected to bolster the company's production of Indigo, a key product for both local and international markets. The deal was made public on October 5, 2023, as part of the company's compliance with the Securities Act, 2015 and the Pakistan Stock Exchange Limited's regulations.

The Jamshoro facility has been specifically designed to ensure a steady and uninterrupted supply of hydrogen, a critical raw material in the production of Indigo. This agreement is poised to enhance Archroma's manufacturing capabilities, facilitating the growth of its Indigo production, which is a significant export product that contributes to economic development.

According to information available from the Pakistan Stock Exchange (PSX), the partnership with Pakistan Oxygen is considered material information for Archroma, indicating its importance to the company's long-term growth strategy. The consistent supply of hydrogen is expected to significantly boost production capabilities, ensuring that Archroma can meet both local and international demand effectively.

The signing of this agreement underscores Archroma Pakistan's commitment to enhancing its operational efficiency and expanding its market reach. By securing a reliable source of hydrogen, the company aims to strengthen its position in the designated market category, thereby supporting its long-term growth objectives.