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Packages Limited announced that subsidiary Bulleh Shah Packaging approved a Rs2.8 billion investment in a new corrugated packaging line with 115,000 tons per annum capacity, expected to start operations in the first half of 2023.
Stora Enso and Packages Ltd. completed the joint venture Bulleh Shah Packaging (Private) Limited, in which Stora Enso holds a 35% stake for about USD 39 million cash. The venture supplies packaging and paperboard products in Pakistan.
Pakistani packaging manufacturer Packages Limited in Lahore has bought the 500th Miraflex II CM8 flexo press from W&H and also ordered a Varex II 7-layer blown film extrusion line, the first of its type in Pakistan.
A&R Carton, a unit of AR Packaging, signed a strategic partnership with Packages to jointly manufacture, sell and distribute cardboard packaging in Pakistan and neighbouring countries. The deal does not include a joint venture or equity stake.
A&R Carton AB of Sweden and Packages Limited of Pakistan signed a strategic partnership to make, procure, sell and market paper-based packaging in Pakistan and neighboring markets. The agreement is not a joint venture or equity participation.
