A&R Carton and Packages Limited (Pakistan) have signed partnership agreement
A&R Carton AB, Lund, Sweden, a member of the leading European packaging company AR Packaging, and Packages Limited, Lahore, Pakistan, have signed a strategic partnership agreement. The objective of this agreement is to establish a cooperation in the manufacture, procurement, sale and marketing in Pakistan and neighbouring markets of packaging made out of cardboard or other materials in combination with cardboard.
Harald Schulz, President and CEO of AR Packaging, says: ”In line with our strategy to expand our footprint outside of Europe, our partnership with Packages Limited will further strengthen our platform and benefit our global customer base. After having been a founding partner of Packages Limited in 1956, we are very pleased to join forces with such an established company again to collaborate on new target markets.”
Syed Hyder Ali, CEO of Packages Ldt, comments: “I am very pleased to announce this partnership agreement with AR Packaging who helped in setting up of Packages Limited in 1957. The partnership with AR Packaging will further strengthen our domestic market position and give us entry to the international markets. We will be able to leverage AR Packaging’s technology and know-how. This partnership will allow us to better serve our customers.”
Please note that this agreement does not constitute a joint venture or an equity participation.
For further information please contact:
Harald Schulz, President & CEO of AR Packaging
Phone +49 6192 406 100
About A&R Carton and AR Packaging
A&R Carton is a member of AR Packaging, one of Europe’s leading companies in the packaging sector with a turnover of EUR 600 million and 3 200 employees in 20 factories in ten countries. The head office is situated in Lund, Sweden. AR Packaging was formed in 2011 as a merger of A&R Carton, one of Europe’s leading carton board packaging groups and Flextrus, a leader in northern Europe within flexible packaging. The group creates added value to customers by a broad product offering and deep knowledge of packaging. AR Packaging has an objective to grow both organically and by way of acquisitions.
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