Packages Limited
Company type | Public |
---|---|
Traded as | PSX: PKGS |
Industry | Packaging |
Founded | 1956; 68 years ago (1956) |
Founder | Syed Babar Ali |
Headquarters | Lahore-54760, Pakistan |
Key people | Syed Hyder Ali (CEO)[1] |
Products | Tissue paper, flexible packaging, folding cartons, paper & board and corrugated packaging |
Revenue | Rs. 156.972 billion (US$540 million) (2023) |
Rs. 28.930 billion (US$100 million) (2023) | |
Net income | Rs. 9.277 billion (US$32 million) (2023) |
Total assets | Rs. 234.820 billion (US$810 million) (2023) |
Total equity | Rs. 96.387 billion (US$330 million) (2023) |
Owner | IGI Investments (29.90%) Babar Ali Foundation (11.1%) Syed Hyder Ali (5.45%) |
Number of employees | 4,051 (2023) |
Parent | IGI Group |
Subsidiaries | Bulleh Shah Packaging (100%) Packages Convertors Limited (100%) StarchPack Limited (100%) Packages Lanka (79.07%) Packages Mall (75.16%) Tri-Pack Films Limited (69.26%) OmyaPack Limited (50%) Hoechst Pakistan (41.07%) IGI Holdings (10.54%) Nestle Pakistan (8.05%) |
Website | packages |
Footnotes / references Financials As of 31 December 2023[update] [2] |
Packages Limited (Urdu: پیکیجز لمیٹڈ), also known as Packages Group, is a Pakistani multinational packaging company with its head office based in Lahore.[3][4] The company was founded in 1956.[5] It is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The company also holds investments in many companies.
The company is listed on the Pakistan Stock Exchange.
History
Packages Limited was founded in 1956 as a joint venture between Ali Group of Pakistan and Akerlund & Rausing of Sweden.[5]
In 1981, Packages expanded its operations at its Lahore plant.[6] The paperboard production capacity increased from 16,500 to 22,500 metric tons per annum.[6] Additionally, the conversion capacity for Tetra paper was doubled to 2,900 tons annually, and the production of tissue paper was set to reach 350 tons per year.[6] The expansion involved a total investment of $9.8 million, funded by several financial entities.[6] The International Finance Corporation (IFC), contributed $2.1 million in loan, the Pakistan Industrial Credit and Investment Corporation (PICIC) provided $0.88 million, while the American Express Banking Corporation allocated $0.727 million towards the project.[6]
Subsidaries
The group owns the following companies:[7]
- Packages Convertors Limited
- Bulleh Shah Packaging Pvt. Ltd
- Tri-Pack Films Limited
- DIC Pakistan Limited
- OmyaPack
- StarchPack
- Packages Lanka Pvt. Ltd. (Sri Lanka)
- Flexible Packages Convertors (South Africa)
- Chantler Packages (Canada)
- Packages Power
- Packages Mall
- IGl Holdings Limited
- IGI General Insurance Limited
- IGI Investments Pvt Limited
- IGl Life Insurance Limited
- IGI Securities
- IGI FSI
References
- ^ https://www.bloomberg.com/profile/person/4755982
- ^ "Packages Limited Annual Report 2023" (PDF). Retrieved 20 May 2024.
- ^ Malik, M. Abdur Rahman; Rana, Arif I.; Bashir, M. Farhan (2014). "Packages LTD. Capacity Addition in Carton Line: Riviera vs. Austin". Asian Journal of Management Cases. 11: 23–36. doi:10.1177/0972820113520208.
- ^ "Big changes at Packages". Profit by Pakistan Today. 28 March 2021.
- ^ a b "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.
- ^ a b c d e "Packages expansion project".
- ^ "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.
External links
- Official website
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