December 03, 2020 (MLN): The Board of Tri-Pack Films Limited, in its meeting held on December 2, 2020, has approved investment in a new state of the art Biaxially Oriented Poly Propylene (BOPP) Film manufacturing line subject to successful financial close with banks on the borrowing facilities.
According to the notice issued to PSX, the project cost is estimated up to PKR 9 billion and is sensitive to exchange fluctuations and changes in duty/taxes, The project shall be financed primarily with a mix of debt and internal cash generation with the start of commercial production targeted during 2023. Equity injection if required shall be sought at a later stage.
The above investment demonstrates the Company's commitment to ensure it caters to the increased demand for BOPP Films in Pakistan and offers faster delivery, better quality, greater convenience, and increased flexibility.
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