POF signs four LOUs with foreign firms

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Observer Reporter

Karachi—Four LOU (Letter of Understanding) ware signed between POF Wah and various international companies at POF Stall on the 2nd day of IDEAS-2016 at Expo Centre Karachi.
1stLOU was signed between PAKISTAN ORDNANCE FACTORIES and M/s. FIOCCHI, SMALL ARMS AMMUNITION, ITALY. According to LOU M/s. Fiocchi Italy and POF have mutually agreed that POF will utilize Fiocchi’s capacities for the export of Small Arms Ammunition on“ case to case” basis, whenever required.Fiocchi will use POF’s capacities in the field of Brass, Brass Strips and GMCS for the manufacturing of Small Arms Ammunition.
M/s Fiocchi and POF agreed to form a Working Group to explore ways & means for mutual collaboration in the field of Small Arms Ammunition. This working Group will hold meetings and arrange reciprocal visits to evaluate each other facilities and requirement to pin point the areas where both may benefit from each other’s expertise and collaborate wherever possible. Collaboration will be in the form of supply of Ammunition, Supply of the Parts of Ammo and Materials, Technical Training of Manpower, Transfer of Technology. Prospects of Joint Production and further export may also be evaluated.
The 2nd LOU was inked between POF and M/s. CZECHOSLOVAK GROUP, A.,S., CZECH REPUBLIC (hereinafter referred to as CSG). Both have mutually agreed that POF will utilize CSG’s and especially MSM’s (MSM is part of CSG specialized in all Ammunition Production) capacities for the supply of various types of ammunition on “case to case” basis, whenever required. CSG and MSM is agreed to supply POF with different transfers of technology of various types of ammunition including 155 MM BB type and other products of MSM portfolio. CSG and MSM will use POF’s capacities in the field of ammunition and its components supplies.
The 3rd LOU was signed between POF and M/s. CeskaZbrojovka, Czech Republic. According to LOU M/s. CeskaZbrojovka, Czech Republic and Pakistan Ordnance Factories declared that they will intensively negotiate a delivery of complete technology for the production of small arms to Pakistan Ordnance Factories, POF. Mutual interest refers to gradual launching of production in Pakistan, ranging from light assembly to maximum localization of production. Within this cooperation, transfer of technology as well as technical support including technical training of the personnel for Pakistan Ordnance Factories is expected.
The 4th LOU was signed between M/s. PolskaGrupa, Poland and POF at POF Stall. According to LOU M/s. PolskaGrupa, Poland and Pakistan Ordnance Factories declared that they will intensively negotiate collaboration in the field of ammunitions procurement, supplies and related technology to Pakistan Ordnance Factories, POF. Mutual interest refers to gradual launching of production in Pakistan, ranging from light assembly to maximum localization of production on mutually agreed terms. Within this cooperation, technical support including technical training of the personnel for Pakistan Ordnance Factories is expected.