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 Profile  Mohammed Amin Ahemdani
 Column  FOR THE RECORD
 Company Profile  Packages Limited
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Company Profile

Packages Limited

Feb-11 - 17, 2002

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 board into packaging for consumer industry.

Over the years, the Company continued to enhance its facilities to meet the growing demand of packaging products. Additional capital was raised from sponsors, International Finance Corporation and from the public in 1965.

Packages commissioned its own paper mill in 1968 having production capacity of 24,000 tonnes of paper & paper board based on waste paper and agricultural by-products i.e. wheat straw and river grass. With growing demand the capacity was increased periodically and by 1996 it reached 65,000 tonnes per year.

Since 1982, Packages Limited has a joint venture with Tetra Pak International in Tetra Pak Pakistan Limited to manufacture paper for liquid food packaging and to market Tetra Pak packaging equipment.

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, NWFP. 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, in which Packages Limited has 55% ownership, commenced production and sale of printing inks.

In 1996, a joint venture agreement was signed with Printcare (Ceylon) Limited for the production of flexible packing materials in Sri Lanka. This project Packages Lanka (Private) Limited commenced production in 1998. Packages Limited owns 62% of this Company.

In 1999-2000 Packages Limited has successfully completed the expansion of the flexible packaging line by installation of new rotogravure printing machine and the expansion of the carton line by a new Lemanic rotogravure inline printing and cutting creasing machine. The machines are in production since December, 1999.

Operational performance

The Company's invoiced sales increased to Rs. 2,728 million for the six months ended June 30, 2001 as compared to Rs. 2,275 million for the same period of 2000. The Company produced 33,405 tonnes of paper and board as compared to 31,625 tonnes and converted 32,044 tonnes as compared to 30,742 tonnes during the same period.

The Company earned a pre-tax profit of Rs. 318.95 million as against Rs. 331.11 million of 2000.

Expansion programme

The current Balancing, Modernization, Replacement and Expansion (BMR&E) programme is in progress. Shipment of paper machine 5 and its related equipment has been largely completed and civil works for the project is in progress and will be completed by the middle of next year. Civil works for enhanced tissue production have also commenced.

ISO 14000 Certification

Work for implementing the ISO 14000 (Environment Management Standards) Certification of Paper and Board Mill is in progress and Insha Allah, will be completed in the year 2002.

Board of Directors

  • Asadullah Khawaja

  • Istaqbal Mehdi

  • Khalid Yacob

  • Kirsten Rausing

  • Rafi Iqbal Ahmed

  • Samee-ul-Hasan

  • Saulat Said

  • Seppo Hietanen

  • Syed Hyder Ali

  • Syed Wajid Ali

Chairman & Chief Executive

  • Advisor

  • Syed Babar Ali

Company Secretary

  • Adi. J. Cawasji