Packages

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Packages Limited (the Company or Packages) is the leading integrated paper products manufacturer in Pakistan and an IFC client since 1964. It is widely acknowledged as the market leader in terms of its production of sophisticated and higher quality packaging products. Packages plans to undertake an investment program during the period 2005-2008. This investment program involves the following: - establishing a new pulp and paper plant in Kasur, - relocating the existing pulp and paper production facilities from Lahore to the new plant, - increasing production of higher margin printing and writing paper products and - upgrading and expanding the converting lines and tissues lines at the existing plant. With the new and relocated facilities, the company’s production capacity will increase from 100,000 metric tons per year to 300,000 metric tons per year. At the conclusion of the project, all pulp and paper-making facilities at Packages’ existing plant in Lahore will cease, with the exception of the manufacture of de-inked pulp and tissue paper. Other operations at Lahore will, however, continue. The purpose of the project is to achieve the following: - improve the quality of pulp and paper / paper-board production and ensure the supply of quality paperboard at reasonable prices for the company’s growing converting operations; - help the company achieve higher production efficiencies through reduced operating costs; and - improve the company’s overall environmental performance.