Tri-Pack Films approves investment of PKR 9 bln in BOPP Film manufacturing line

News Image

MG News | December 03, 2020 at 10:02 AM GMT+05:00

0:00

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.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg