Cherat Packaging to invest Rs1.4bn in Barrier Film Extrusion Line
MG News | January 14, 2025 at 01:39 PM GMT+05:00
January 14, 2025 (MLN): The Board of Directors of Cherat Packaging Limited (PSX: CPPL) has approved the purchase of a second extrusion plant, specifically a Barrier Film Extrusion Line, along with the necessary allied equipment, at an expected cost of up to Rs1.4 billion.
The acquisition of the plant will be financed through a long-term loan, the notification issued to the local bourse.
The installation of the plant is expected to be completed by April 2026.
The Barrier Film Extrusion Line will be sourced from Windmöller & Hölscher, which is recognized as the world's leading equipment supplier to the packaging industry.
This expansion will improve the production capacity of the Flexible Packaging Division, allowing the company to better meet customer demand and make more efficient use of resources.
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