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.
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