LAHORE - The SS Group of Industries Pakistan has signed an agreement with Muyang Holdings Co Ltd, A Chinese company, for setting up a fully automated poultry feed production unit on turn-key basis. The SS Group of Industries includes SS Oil Mills Ltd, Standard Spinning (Pvt) Ltd, Standard Edible Oil and Sikanadar Commodities Pvt Ltd, with group turnover of Rs8 billion per annum which is most likely to cross Rs15 billion per annum when the new 44-ton per hour poultry feed production unit, namely SS Feed Mills Pvt Ltd, will be operational by 2016.
Shahzad Ali Khan, CEO of the SS Group of Industries Pakistan, is also a patron inchief of Pakistan Solvent Extractors Association as well as former chairman APTMA Punjab. He expressed the hope that the SS Feed Mills would support the rural economy. He said that this is an equity based project with a cost of Rs500 million for completion of phase-I. The project is in line with the PM Incentive Scheme of tax exemption on 100 per cent equity based project, he added. He said that the SS Group of Industries is active in solvent extraction industry over past 25 years and is a major player of poultry industry meal and premium oil.