Karachi: Cherat Packaging Limited informed Pakistan Stock Exchange about the expansion of the production capacity of polypropylene plant through utilization of right issue. The company is confident of gaining greater market share to establish itself as a market leader in cement packaging and also achieve further economies of scale.
Cherat Packaging Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited company in the year 1989. The principal activity of the business is manufacturing, marketing and sale of paper sack and polypropylene bags. The commercial production of the company started on December 15, 1991. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Peshawar.
The symbol “CPPL” is being used by the stock exchange for the shares of Cherat Packaging Limited.