International Packaging Films Limited (IPAK) has achieved a significant milestone in Pakistan’s packaging industry, emerging as the largest manufacturer of flexible packaging films in the country. The inauguration of its two subsidiaries, Global Packaging Films (Private) Limited (GPAK) and PETPAK Films (Private) Limited (PETPAK), held on April 23, 2024, at Quaid-e-Azam Business Park, Sheikhupura, marks a pivotal moment in IPAK’s journey towards global expansion.
PETPAK Films commenced operations in February 2024, boasting an annual production capacity of 41,920 metric tons of Biaxially Oriented Polyethylene Terephthalate (BOPET) films. Following suit, GPAK initiated commercial operations in April 2024, with an annual production capacity of 59,480 metric tons of Biaxially Oriented Polypropylene (BOPP) films. With the addition of these two subsidiaries, along with IPAK and its first subsidiary Cast Packaging Films Limited (CPAK), IPAK Group now leads the market with a cumulative nameplate capacity of 152,660 metric tons per annum.
“This expansion not only reinforces IPAK’s dedication to meeting the growing demand for top-tier packaging solutions in Pakistan but also positions the company for international growth through exports,” said Mr. Naveed Godil, CEO of IPAK Group. Mr. Godil expressed pride in the successful launch of GPAK and PETPAK, highlighting their potential to contribute significantly to the nation’s economy and prosperity. He emphasized the company’s readiness to adapt to evolving customer needs and explore new opportunities both domestically and internationally.
Mr. Godil extended gratitude to various stakeholders and governmental bodies for their support, including the Federal Investment Board, Federal Board of Revenue, State Bank of Pakistan, Pakistan Customs, Punjab Investment Board, Punjab Industrial Estate and Development Management Company, and local banks. IPAK remains committed to its vision of becoming a global leader in the packaging industry, contributing to Pakistan’s export growth and economic development.