EcoPack Names Assad Ali Sheik Chairman, Hussain Jamil CEO -

Ecopack Limited

PAKISTAN

EcoPack Limited has announced that Mr. Assad Ali Sheik has been appointed Chairman of the Board of Directors, and Mr. Hussain Jamil will serve as Chief Executive Officer for a three-year term. The company disclosed the information in a filing with the Pakistan Stock Exchange (PSX).

Appointment Details

According to the notice, the Board has formalised Mr. Sheik’s elevation to Chairman and extended Mr. Jamil’s tenure as CEO for three years. These leadership changes underscore the company’s commitment to continuity and governance in steering its business operations.

Company Profile & Business Line

EcoPack Limited is one of Pakistan’s leading manufacturers of rigid PET (polyethylene terephthalate) bottles and preforms.

The company produces PET bottles ranging from 240 ml to 12 litres, and preforms used for applications including carbonated soft drinks (CSDs), juices, mineral water, pharmaceuticals, edible oil, syrups and squashes.

It serves both multinational beverage firms (for example, major soft-drink brands) and leading domestic players in Pakistan’s beverage, edible-oil and pharmaceutical sectors.

Registered office and production facility: 112–113, Phase V, Hattar Industrial Estate, Haripur, Khyber Pakhtunkhwa.

Recent Financial & Operational Performance

EcoPack has recently shown signs of improvement in sales and profitability, although the path has been mixed given cost pressures and macroeconomic challenges:

For the fiscal year ended June 30, 2025, the company reported revenue of approximately PKR 7.183 billion, up from PKR 6.212 billion in the previous year — a growth of about 15.6%.

In the nine-months ended 31 March 2025, net income was PKR 210.43 million, reversing a loss in the comparable period last year. Earnings per share (EPS) for the period stood at PKR 4.36.

According to media reports, in FY2024 the company had net profit of PKR 128.943 million (EPS ≈ PKR 2.67) with a net profit margin of 2.1%.

Historically, for 2023 the company recorded net profit of just PKR 40.143 million with margin of about 0.71 % — impacted by high raw-material and energy costs.

EcoPack has a production capacity of over 300 million bottles and 400 million preforms per year, as noted in the company’s profile.

The company recently approved a 2.03 MW solar-power project (land acquisition of 3.63 acres) to improve energy efficiency and reduce long-term costs.

Outlook & Implications

With the appointment of Assad Ali Sheik as Chairman and Hussain Jamil continuing as CEO, the company appears focused on stable governance and execution of its medium-term strategy of capacity expansion and cost control. The solar-energy initiative and previous CAPEX approvals for production-line expansions suggest the company is positioning for growth in PET bottle and preform demand, while managing energy and raw-material cost pressures.

However, EcoPack’s net profit margins remain thin in recent years, due largely to inflation in raw-materials (notably PET resin), higher utility/fuel costs and freight charges. As the beverage and edible-oil industries evolve and as local currency, power cost and supply-chain dynamics remain volatile, management’s ability to maintain volume growth, pass on cost increases and improve utilization will be key.

Given the above, the leadership update may be well-timed to provide continuity through a challenging macro-economic environment, while the business line — serving beverage, edible-oil and pharma packaging markets — offers structural demand potential. – ER News Desk

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