Knack Packaging Leases Factory & Machinery to Boost Capacity

Knack Packaging Limited's Board of Directors has approved taking on sub-lease of a factory land and building, and lease of plant and machineries from Dayana Polyplast Limited. This strategic move aims to enhance the company's manufacturing capacity by 5,040 MT per annum. The transaction involves no capital expenditure for land, building, or machinery, with financing expected from internal accruals and working capital facilities. The rationale includes meeting increasing customer demand, improving operational efficiency, and strengthening market presence.