Packages Limited

In: Business and Management

Submitted By FAIZAHASSAN
Words 2341
Pages 10
Packages limited

Packages Limited was established in 1957 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of
Sweden, to convert paper and paperboard into packaging for consumer industry.
Over the years, Packages has continued to enhance its facilities to meet the growing demand of packaging products.
In 1968, with IFC participation, Packages integrated upstream by establishing a Pulp and Paper Mill with a capacity of 24,000 tons per year based on waste paper and agricultural by-products i.e. wheat straw and river grass. With growing demand the capacity was increased periodically and in
January 2003, total capacity was nearly
100,000 tons per year.
In 1982, Packages modified a paper machine to produce tissue paper in response to growing awareness and demand for hygienic and disposable tissues. The “Rose Petal” brand name was launched with facial tissues and was later expanded to include toilet paper, kitchen roll, and table napkins.
In 1986, the Company established a flexible packaging unit to cater to the increasing demand from consumers for sophisticated packaging used primarily in the food industry.
In 1993, a joint venture agreement was signed with Mitsubishi Corporation of Japan for the manufacture of
Polypropylene films at the Industrial
Estate in Hattar, KPK. This project,
Tri-Pack Films Limited, commenced production in June 1995 with equity participation by Packages Limited,
Mitsubishi Corporation, Altawfeek
Company for Investment Funds, Saudi
Arabia and general public. Packages
Limited owns 33% of Tri-Pack Films
Limited’s equity.
In July, 1994, Coates Lorilleux Pakistan
Limited (currently DIC Pakistan
Limited), in which Packages Limited has
55% ownership, commenced production and sale of printing inks.
During the same year, the Company initiated the capacity expansion of its…...

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