Board meeting of Crescent Jute Products Limited will be held on February 17, 2016

Karachi: Crescent Jute Products Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on February 17, 2016 at Lahore. The agenda of the meeting is to consider quarterly accounts for the period ended December, 2015 for declaration of any entitlement.

Further, the Company has declared the closed period from February 11, 2016 to February 17, 2016.

Crescent Jute Products Limited is a company incorporated in Pakistan on September 19, 1964 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of jute products. This also includes the production of jute bags. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Lahore.

The company is part of the crescent group which comprises of diverse business interests including Textiles, Textile value added, Sugar, Steel and Banking. The manufacturing facility of the company is located in Jaranawala, Central Punjab spread over an area of 127 acres comprising of 500 conventional and 60 shuttle-less looms along with the requisite back process. The company has an existing workforce of 3,000 employees and produces 30,000 metric tons of Jute products annually. The product of the company comprises a mix of Sacking, Hessian and Twine Jute.

The symbol “CJPL” is being used by the stock exchanges for the shares of Crescent Jute Products Limited.