Crescent Jute Products Ltd.
PPSX:CJPL14.87
PKR
-0.04
(-0.27%)
Crescent Jute Products Ltd.
PSX:CJPL
(Pakistan Stock Exchange)
Recent
price
14.87
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Crescent Jute Products Limited is a Pakistan-based manufacturing and industrial enterprise that specializes in the production, processing, and distribution of jute packaging materials, textiles, and natural fiber products. The company's portfolio comprises jute bags and sacking, including B-Twill bags, A-Twill grain bags, heavy cee bags, sugar sacks, and customized commodity bags for packaging wheat, rice, pulses, sugar, and fertilizers; jute fabrics and cloth, including standard hessian cloth, burlap textiles, industrial sacking cloth, and heavy-duty wrapping fabrics for agricultural and industrial packaging; jute yarn and twines, comprising single-ply and multi-ply spinning yarn, packaging twine, baling ropes, and stitching cordage in various count grades; and specialized jute-based industrial wrapping solutions designed for commodity storage, transportation, and bulk handling applications. Founded in September 1964, Crescent Jute Products Limited is headquartered in Lahore, Pakistan, with its primary manufacturing mill site located in Jaranwala, District Faisalabad. The company has historically operated within the textile and packaging materials sector as part of the Shams Group network, serving domestic agricultural procurement agencies, grain handling facilities, sugar mills, and commercial commodity distributors throughout Pakistan. In recent corporate and operational developments, Crescent Jute Products Limited has been navigating structural reorganization, asset rationalization, and regulatory proceedings. Commercial production at its Jaranwala plant remains suspended, placing the company under regulatory scrutiny and a trading suspension on the Pakistan Stock Exchange within the Defaulters and Winding-Up Segment amidst ongoing winding-up petitions from the Securities and Exchange Commission of Pakistan. In response, the company's board of directors and management have initiated debt settlement and asset disposal programs, including the monetization of freehold factory land in Jaranwala to clear outstanding liabilities. Over the last two years, the company has actively evaluated corporate restructuring strategies, exploring sponsor-backed capital injections, strategic alliances, equity partnerships, and potential business diversification or reverse merger avenues to resolve legal proceedings and restore viable commercial operations.