Tri Pack Films : Fire Incident at Port Qasim Plant
October 03, 2022 at 05:21 pm EDT
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Sec/110/TRIPF
03 October 2022
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Commissioner
Company Law Division
Securities & Exchange Commission of Pakistan
NIC Building, Jinnah Avenue, Blue Area
Islamabad
Executive Director/HOD
Offsite-II Department
Supervision Division
Securities & Exchange Commission of Pakistan
63, NIC Building, Jinnah Avenue
Blue Area
Islamabad
Dear Sir,
Sub: Fire Incident at Old Biaxially Oriented Polypropylene (BOPP) Film Line Compartment
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Regulation 5.6.1 of the Rulebook of the Pakistan Stock Exchange Limited, we hereby inform you of the following:
On 03 October 2022 at 2.30 am, a fire broke out in one of the sections of our old Biaxially Oriented Polypropylene Film (BOPP) line at our Port Qasim plant, Karachi which has been successfully extinguished.
A disclosure form as required under S.R.O. 143/(1)/2012 dated 05 December 2012 read with Sections 96 and 131 of the Securities Act, 2015 is also enclosed as Annexure Ahereto.
You are requested to disseminate the information to the Members of the Exchange accordingly.
Yours sincerely,
FOR TRI-PACK FILMS LIMITED
Iqra Sajjad
Company Secretary
DISCLOSURE FORM
INTERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company
Tri-Pack Films Limited
Date of Report
03 October 2022
Name of Company as specified in the
Tri-Pack Films Limited
Memorandum
Company's Registered Office
4th Floor, The Forum
Suite # 416-422,G-20, Block 9
Khayaban-e-Jami, Clifton
Karachi-75600
Contact Information
Tel: (021) 35860252
Disclosure of price sensitive / inside information by listed company in terms of Section 96 and 131:
It is to inform you that on 03 October 2022 at 2.30 am, a fire broke out in one of the sections of our old BOPP film lines at our Port Qasim plant, Karachi.
The fire was extinguished using the in-house firefighting system and with the help of local administration. There was no major injury reported. The cause of the incident is under investigation. Tri-Pack Films is also in contact with the insurance company and taking appropriate steps to ensure an early start of the repair works. As per initial assessments, there is no significant damage to critical equipment and an extensive assessment is simultaneously being conducted. Tri-Pack Films has contingency plans in place for continued supplies to its customers and at this point of time we do not foresee any major disruption of our supplies.
Pursuant to the requirements of the Securities Act, 2015, the Company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.
Yours sincerely,
FOR TRI-PACK FILMS LIMITED
Iqra Sajjad
Company Secretary
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Tri Pack Films Ltd. published this content on 03 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2022 21:20:03 UTC.
Tri-Pack Films Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of biaxially oriented polypropylene (BOPP) film and cast polypropylene (CPP) film. Its products are suited for food and beverage applications, such as snacks, confectionery, dairy food, fresh cut vegetables, beverages and various others, and non-food applications, such as overwrapping, lamination, bag making and various others. The Company has also specialized in developing various high-grade films, such as low sealing temperature films, ultra-low temperature sealable film, tobacco non-coated transparent wrap, anti-fog films, perforated films, matt film, in mold labels, low density label films, high gloss label films, broad seal high barrier, ultra-high barrier metallized film, heat resistive BOPP film, cold seal, biaxially oriented polyethylene (BOPE), CPP high speed lamination films, paper bond film, CPP metallized low temperature heat sealable film and CPP metallized high barrier film.