HTL to enter into new business
Business
April 14, 2021
KARACHI: The management of High-Tech Lubricants (HTL) has decided to enter new business opportunities in the plastic packaging industry by venturing into the production of plastic products for external customers and third parties, a bourse filing said on Tuesday.
“This business will be pursued through the existing plant site of Hi-Tech Blending (Pvt) Ltd (HTBL), a wholly-owned subsidiary of HTL,” it added.
HTBL has been producing bottles for its own needs since 2016 for both its locally blended and locally filled products.
“Having attained substantial experience in extrusion blow molding and injection molding, the company has been exploring the provision of similar plastic packaging to outside customers for some time,” the company said.