date:Sep 20, 2012
Stora Enso will have a 35% share of the Bulleh Shah Packaging (Private) Limited joint venture with Packages Ltd with the shareholding to be increased to 50% within a year based on certain undisclosed conditions.
The partnership includes the Kasur paper and corrugated mill and the Karachi corrugated mill, both owned by Pakistan-based firm Packages Ltd.
The joint venture will employ about 950 people and its sales are forecast to be US$130m in 2012.
Stora Enso already has a 6.4% shareholding in