Cherat Packaging sells papersack line V for €4.4m

MG News | February 29, 2024 at 12:59 PM GMT+05:00

0:00

February 29, 2024 (MLN): Cherat Packaging Limited (PSX: CPPL) has successfully completed the sale of its Papersack Line V and has also received sales proceeds of €4.4 million from the buyer, the company filing on the local bourse showed today.

The company will be able to meet the demand of papersacks with Line III & IV having a combined capacity of 160 million papersacks per annum, in case there is demand for it, the notice said.

CPPL's main business activities are manufacturing, marketing and sale of paper sacks, polypropylene bags and flexible packaging material.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,367.30 212.33M	0.62% 1053.44
ALLSHR	103,536.41 595.46M	0.51% 520.83
KSE30	52,286.14 91.99M	0.83% 432.08
KMI30	243,869.57 65.27M	0.66% 1609.87
KMIALLSHR	66,916.80 298.77M	0.29% 192.62
BKTi	47,487.72 37.28M	1.34% 626.29
OGTi	33,544.68 4.54M	-0.21% -70.58

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,900.00	87,030.00 85,930.00	935.00 1.09%
BRENT CRUDE	60.28	60.67 59.75	0.60 1.01%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.50	96.50 95.90	0.85 0.89%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.41	56.85 55.91	0.60 1.08%
SUGAR #11 WORLD	14.76	14.89 14.72	-0.06 -0.40%