A&R Carton and Packages Limited Sign Partnership Agreement
(Sweden, March 1, 2017) A&R Carton AB of Lund, Sweden, and Packages Limited of Lahore, Pakistan, have signed a strategic partnership agreement with the intent to collaborate in the manufacture, procurement, sale and marketing of paper-based packaging in Pakistan and neighboring markets.
“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,” said Harald Schulz, President and CEO of AR Packaging.
“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,” he said.
Syed Hyder Ali, CEO of Packages Ltd, added, “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.”
A&R noted that this agreement does not constitute a joint venture or an equity participation. (Source: A&R Carton AB)