Cherat Packaging to sell Papersack Line IV

By 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

TRG: Dominos Tumbling for the Management

PSX Closing Bell: Born to Climb

ACPL to hit Rs352/share by December 2025

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,115.00	109,565.00 107,195.00	630.00 0.59%
BRENT CRUDE	66.58	67.20 65.92	-0.22 -0.33%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.94	65.82 64.50	-0.58 -0.89%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%