Karachi February 16 2022: Cherat Packaging Limited (CPPL) Board of Directors (BoD) in view of encouraging response received from the market has decided to acquire another Rotogravure Printer together with allied equipment to enhance the production capacity of Flexible Packaging Division.
The equipment will be acquired from world's leading European suppliers. The expansion, which will cost approximately PKR 1 billion, will be financed by way of a long term loan.
It is expected to be completed by March 2023. Enhancement in production capacity will enable the Company to meet the demand of its valuable customers in an effective manner and optimize the utilization of its available resources.
Cherat Packaging Limited was incorporated in Pakistan as a public company limited by shares in the year 1989. Its main business activities are manufacturing, marketing and sale of paper sacks, polypropylene bags and flexible packaging material.