Cherat Packaging to sell Papersack Line IV

MG News | August 22, 2024 at 03:28 PM GMT+05:00

0:00

August 22, 2024 (MLN): In response to the cement industry's shift from paper packs to polypropylene bags, the Board of Directors (BoD) of Cherat Packaging Limited (PSX: CPPL) has given the green light to sell Papersack Line IV.

Cherat Packaging will continue to meet the demand for paper sacks with its remaining Line III, which has a capacity of 55 million paper sacks per annum.

This strategic move aligns with the evolving market needs and optimizes the company's production resources.

Copyright Mettis Link News

Related News

Millat Tractors to split shares 2-for-1

Buyback in play, mining in sight for CHCC

CNERGY Delivers Massive Turnaround, Hits Rs17.1bn Profit

Name	Price/Vol	%Chg/NChg
KSE100	169,516.37 70.21M	0.66% 1104.13
ALLSHR	101,483.43 154.15M	0.64% 642.28
KSE30	51,276.33 12.29M	0.56% 285.84
KMI30	243,697.70 40.64M	0.77% 1863.55
KMIALLSHR	65,865.74 97.74M	0.83% 545.36
BKTi	47,512.28 6.40M	0.36% 171.47
OGTi	35,127.18 0.40M	0.54% 187.23

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,550.00	77,630.00 76,485.00	890.00 1.16%
BRENT CRUDE	111.27	111.96 110.26	0.01 0.01%
RICHARDS BAY COAL MONTHLY	109.50	110.00 109.00	2.40 2.24%
ROTTERDAM COAL MONTHLY	104.75	106.75 104.75	0.45 0.43%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	99.36	100.74 98.42	-0.57 -0.57%
SUGAR #11 WORLD	14.24	14.30 13.98	0.27 1.93%