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

Oilboy Energy greenlights Rs250m fund reallocation

Three PSX giants DLL, Cyan, and DHPL unite in strategic merger

PSX Closing Bell: Keep On Rising

Name	Price/Vol	%Chg/NChg
KSE100	170,524.34 394.23M	-0.13% -217.00
ALLSHR	103,022.74 1,022.92M	-0.15% -153.47
KSE30	51,858.97 149.22M	-0.14% -73.13
KMI30	244,404.17 118.41M	-0.48% -1181.63
KMIALLSHR	67,240.06 537.71M	-0.43% -291.79
BKTi	46,034.76 75.38M	0.79% 362.63
OGTi	34,035.72 9.71M	-0.88% -301.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,335.00	86,725.00 85,365.00	350.00 0.41%
BRENT CRUDE	59.71	60.40 59.68	-0.85 -1.40%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.15 1.28%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.94	56.70 55.94	-0.88 -1.55%
SUGAR #11 WORLD	14.98	14.98 14.86	0.03 0.20%