THE EXPRESS TRIBUNE > BUSINESS Century Papers and Board Mills signs Rs13b agreement with South Korean firm

KARACHI: Century Papers and Board turbines constrained (CPBML), the producer of paper and paper boards within the united states, has signed an agreement worth Rs13 billion with South Korea’s Pasco Daewoo enterprise (p.c), with an eye fixed on future growth.

The signing rite befell at a local inn in which Century Papers and Board mills constrained Chairperson Iqbal Ali Lakahni, Singapore’s Honorary Consul general Amin Muhammad Lakhani, South Korea’s Consul general Kim younger Sang, Century Papers CEO Aftab Ahmad, Pasco Daewoo enterprise’s CEO and officials from each agencies participated.

Aftab Ahmad stated that “with a capability of manufacturing seven hundred million heaps of papers a year, century paper and board mills is amongst Pakistan’s biggest businesses which makes 86f68e4d402306ad3cd330d005134dac paper boards and is a first-rate source of sales for the united states of america.

The organization in view of the country’s monetary boom and accelerating populace has started a venture aimed toward increasing the agency’s growth,” he added. “An funding of $120 million is being made thru which 8 plant life can be established, increasing the production to 130,000 lots, with undertaking predicted to finish inside years.

“This deal will now not only beef up CPBML but will even create activity possibilities and growth monetary boom. The finishing touch of the assignment will prove to be an critical step inside the self-sufficiency of paper turbines in Pakistan,” Ahmad stated.