Roshan Packages Ltd reports Rs1.9 bln capatalisation of its expansion projects

MG News | November 12, 2018 at 03:32 PM GMT+05:00

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November 12, 2018 (MLN): Roshan Packages Limited has released its quarterly progress report on the implementation of the two expansion projects for the quarter ended September 30^th 2018.

According to the notification issued to PSX, the two expansion projects – Corrugation Expansion project and Flexible Expansion Project – were under implementation. Total estimated cost of both the projects was Rs 2.3 billion out of which Rs 1.9 billion were capitalized till the reporting date.

These projects are fully operational, however, some ancillary items not related to production like civil works and equipment’s related to firefighting are in progress. Slitting machine and Doctor Rewinder machine from BIMEC S.R.L Italy were successfully installed and commissioned and now they are fully operational.

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