Karachi, Biafo Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 22, 2020 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2020.
Further, the company has declared the closed period from September 15, 2020 to September 22, 2020.
Biafo Industries Limited having its registered office at 1st Floor, Biafo House, Plot No. 23, St No. 38-40, I&T Centre, G-10/4, Islamabad, Pakistan would like to take this opportunity to introduce their product-Tovex Water Gel Explosive manufactured at their plant located at Hattar Industrial Estate, Khyber Pakhtunkhwa, Pakistan.
Tovex has been an important breakthrough in explosives since the invention of dynamite by Alfred Nobel more than a century ago. Dynamite has served the industry well but hazards associated with the use, manufacture, transportation, storage and toxic nature has been the cause of serious concern. After intensive studies and research, in 1974 Du Pont, the largest manufacturer of Nitro Glycerin based dynamite in the United States of America introduced Tovex Water Gel, and in 1976 they decided to withdraw from the dynamite business in favour of Tovex.
Tovex Water Gel is substantially and demonstratively safer and is designed to perform equal to, if not better than dynamite in all sectors of the industry i.e. construction, mining, quarrying, seismic, tunneling etc.
The symbol “BIFO” is being used by the stock exchanges for the shares of Biafo Industries Limited