Pacman-CCL, a specialist in pressure-sensitive label and packaging solutions, has formed a joint venture (JV) with the owners of its long-term agent in Pakistan, APP (Pvt) Ltd.
The Merchant Family, the owners of APP, will help manage the new venture, which will operate under the trading name Pacman-CCL Pakistan.
John Dawson, the managing director of Pacman-CCL, said: “This is an exciting venture in a country with so much potential. I would like to express my sincere thanks to the Merchant family for their hard work, determination and co-operation during the time of formulating the structure of this new company.”
The firm will operate initially at APP’s premises but a move to a state-of-the-art plant in Karachi is envisioned in a couple of years.
Khurram Merchant, managing director of Pacman-CCL Pakistan, said: “The market in Pakistan remains largely untapped today. The JV has already installed a brand new Gallus combination press in our plant and the second one is booked for next year.”
Pacman-CCL is a joint venture between Albwardy Investment, a UAE-based holding company, and CCL Industries. CCL Industries employs about 10,000 people and operates 89 plants in 25 countries.