Packages Limited

In: Business and Management

Submitted By hiaa
Words 1615
Pages 7
BWCL 32.00/500 1.43 CEPB 21.45/1000

Packages Limited | Business Recorder
1.12 CHCC 40.20/500 0.10 COLG 1200.00/100 15.28 CPL 215.00/100 2.25 All

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Packages Limited
April 24, 2012 RECORDER REPORT 0 Comments

Packages Limited is an integrated packaging company, established in 1957 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden. Incorporated in Pakistan, the company produces paper and paper-board products, provides customised packaging material for consumer goods industry, and produces consumer products like tissues, towels and napkins. In 1968, Packages established its first pulp and paper mill having capacity of 24,000 tons per annum, with IFC's participation. In 1981, the company modified its paper machine to produce tissues, and launched the "Rose Petal" brand. Later, it started producing toilet paper, kitchen roll and table napkins too. In 1986, Packages established a flexible packaging unit to meet the increasing demand of sophisticated packaging. In 1995, Tri-Pack Films Limited was established as a joint venture with Mitsubishi Corporation of Japan for the manufacture of Polypropylene films in NWFP. Packages also established Packages Lanka (Private) Limited in Sri Lanka which started manufacturing flexible packaging material in 1998. Packages launched the Bulleh Shah Paper Mill project in 2005 to expand the paper & paper-board capacity to 300,000 tons per annum. The project completed in 2009. In 2008, the company installed a new tissue paper manufacturing machine with a capacity of 31,000 tons. During CY11, capacity…...

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