Packages Limited
Company type | Public |
---|---|
PSX: PKGS | |
Industry | Packaging |
Founded | 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) | |
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, Pakistan.[3] The company was founded in 1956.[4] 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[edit]
Packages Limited was founded in 1956 as a joint venture between Ali Group of Pakistan and Akerlund & Rausing of Sweden.[4]
Subsidaries[edit]
The group owns the following companies:[5]
- 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[edit]
- ^ https://www.bloomberg.com/profile/person/4755982
- ^ "Packages Limited Annual Report 2023" (PDF). Retrieved 20 May 2024.
- ^ "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.
- ^ "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.
External links[edit]
Categories:
- Pakistani companies established in 1956
- Manufacturing companies established in 1956
- 1960s initial public offerings
- Conglomerate companies of Pakistan
- Packaging companies of Pakistan
- Manufacturing companies based in Lahore
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Pakistani brands
- Ali family
- Multinational companies headquartered in Pakistan
- Pakistani company stubs