Packages

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_x000C_Packages Limited (the company or Packages) is the leading integrated paper products manufacturer in Pakistan and an IFC client since 1964. The project is an investment program to be undertaken during the period 2005-2008 which will establish a greenfield integrated pulp and paper mill, with some converting operations, outside Kasur, Punjab Province. At its conclusion the project will have an annual production capacity in the order of 300,000 tonnes. The total cost of the proposed project is estimated at about $330 million. Machinery for the Kasur plant will be a mixture of new plant, used machinery to be acquired by Packages and some of Packages’ existing pulping and papermaking machinery which will be refurbished and relocated to Kasur. At the conclusion of the project, all pulp and papermaking at Packages’ existing plant in Lahore will cease, with the exception of the manufacture of de-inked pulp and tissue paper which is likely to move to Kasur at a later date, probably around 2012. Other operations at Lahore will continue however. The new Kasur mill will include gas-fired power boilers, power generation in the order of 40 to 50 MWe, and a waste water treatment facility.