Cherat Packaging to invest Rs1.4bn in Barrier Film Extrusion Line

MG News | January 14, 2025 at 01:39 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,502.45 511.22M	0.22% 397.83
ALLSHR	109,207.14 1,043.40M	0.34% 369.08
KSE30	53,761.19 116.20M	0.29% 157.61
KMI30	254,618.01 136.98M	0.64% 1629.75
KMIALLSHR	70,172.36 728.56M	0.55% 383.01
BKTi	51,777.91 14.76M	-0.31% -161.28
OGTi	36,223.66 17.36M	1.49% 531.77

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,390.00	64,515.00 64,340.00	-20.00 -0.03%
BRENT CRUDE	91.10	91.21 88.01	2.58 2.91%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-0.45 -0.41%
ROTTERDAM COAL MONTHLY	122.25	122.60 122.25	0.35 0.29%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.22	84.51 84.02	1.82 2.21%
SUGAR #11 WORLD	16.90	16.96 16.47	0.30 1.81%