Ecopack’s board approves CAPEX for new PET bottle-blowing line

MG News | September 27, 2024 at 04:12 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 27, 2024 (MLN): The Board of Directors (BoD) of Ecopack Limited (PSX: ECOP) has approved the capital expenditure (CAPEX) for the acquisition of a PET bottle-blowing line, which will increase the company’s bottle production capacity by 22%.

The company disclosed today that the Board has also recommended to the AGM, the increase in the authorized share capital from Rs500 million to Rs1 billion by the addition of 50m shares of Rs10 each.

It is worth noting that Hussain Jamil has been appointed as Chief Executive Officer of ECOP, for the remainder of the board term till October 2025.

It was further communicated that the actions made by Hussain Jamil as the CEO of the Company since February 2023 have been ratified by the Board.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,123.57 311.88M	1.62% 2837.78
ALLSHR	107,920.53 732.98M	1.30% 1383.71
KSE30	53,163.60 110.63M	1.61% 842.62
KMI30	250,746.13 98.70M	1.61% 3970.51
KMIALLSHR	69,267.39 434.80M	1.31% 894.74
BKTi	50,530.39 33.26M	1.63% 812.16
OGTi	35,363.61 8.05M	0.68% 237.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,680.00	65,105.00 63,920.00	-405.00 -0.62%
BRENT CRUDE	85.06	86.25 83.83	0.11 0.13%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	118.60	118.60 118.60	-0.95 -0.79%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.66	80.87 78.91	0.06 0.08%
SUGAR #11 WORLD	14.50	14.86 14.37	-0.35 -2.36%