JS Bank has entered into an agreement with Rastgar & Co. to facilitate domestic manufacturers for purchase of state-of-the-art energy efficient air compressors. The deal was inked by Kamran Jafar, Group Head Corporate & Retail Banking – JS Bank and Maqsood Zulfqar, CEO – Rastgar & Co. in the presence of team members from both companies.
Under the terms of this arrangement, JS Bank will provide clients with credit and leasing facilities to streamline the compressor procurement process for clients of Rastgar & Co. On the other end, Rastagar will provide customers with CompAir Air Compressors which are equipped with iConn devices. These systems allow for predictive compressor maintenance and provide data for improved energy conservation.
The signing ceremony was held at Rastgar’s Korangi office during an open house session. The event was attended by a large number of prominent Pakistani business and industry leaders along with media representatives. Included among these were the Secretary General of the Korangi Industrial Association, Chairman and Vice Chairman of PAAPAM, representatives from trade associations, pharmaceutical, engineering and textile manufacturers. The activity showcased the complete range of products, in the presence of experts from CompAir and Gardner Denver, the originating company’ behind the technology. These representatives including John Fyfe, Charles Joel and Loic Mazet are specialists in their field and were on hand to engage with Pakistani manufacturers on potential opportunities, share learning and advise solutions for overcoming any bottlenecks.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 323 branches in 161 cities. The Bank also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.
About Rastgar & Co:
Rastgar & Co is the authorized distributor of CompAir Air Compressors in Pakistan, offers services to Pakistani Industry in compressed air systems Planning & Selection, Turnkey Installations, Automation, Heat Recovery, AirAudit, Service and Spares. More than 4,000 installations from all industrial sectors of Pakistan continue to buy CompAir, Quantima and Ultima brand compressors from Rastgar. For more information about Rastgar & Co, please visit https://rastgar-co.com.
About Gardner Denver:
Gardner Denver, founded in 1859, is a leading, global provider of high-quality industrial equipment, technologies and services to a broad and diverse customer base through a family of highly recognized brands. The Company has 40 manufacturing facilities located in the Americas, EMEA and Asia Pacific with offices in 33 different countries. In 2008 CompAir was acquired by Gardner Denver, a leading global manufacturer of highly engineered compressors, blowers and pumps and is now a major part of its Industrial Group.