Tri-Pack Films

Introduction:

Tri-Pack Films Limited (PSX: TRIPF) was incorporated in 1993 as a joint venture between Mitsubishi of Japan and Packages Limited of Pakistan. The commercial operations of the company started in 1995. Head office of the company is situated in Karachi while its two plants are located in Port Qasim and Hattar (KPK).

Tri-Pack is primarily engaged in production of two types of packaging films which are Biaxially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP) film. The company initially started with production of BOPP films which are moisture resistant and produced in four different grades - plain, composite, cigarette and pearlized.

The plain BOPP film grade is used in lamination of cardboard, adhesive tape and general packaging. The composite film is used in packaging of confectionery, soap and food items. Cigarette films, as the name suggests, is used by the tobacco industry. The pearlized BOPP film is hot sealed on both sides and is used to pack tea, gift wrappers and ice bars.

The CPP film also has various grades which are used in different industries such as poultry and fast moving consumer goods.

Shareholding Pattern:

Tri-Pack majority shareholding is with its group companies which account for about 63 percent of the holding. Within this holding, Mitsubishi Corporation of Japan also holds about 39 percent. The biggest shareholder of the company is Packages Limited with 10 million shares. Similar holding structure can be seen in other Packages group companies as well.