Siddiqsons Tin Plate Limited
PPSX:STPL7.44
PKR
-0.17
(-2.23%)
ISIN
PK0084901013
Return %
Stock
S&P 500
1Y
-8.37
14.20
3Y
9.57
81.12
5Y
-37.27
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Muhammad Naeem ul Hasnain Mirza
- Full Time Employees
- 111
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Karachi Pakistan
- IPO Date
- Oct 28, 2005
- Website
- siddiqsonstinplate.com
- Similar Companies
- Business
- Siddiqsons Tin Plate Limited is a Pakistan-based packaging and steel processing company primarily engaged in the manufacturing and sale of electrolytic tinplate and metal packaging solutions for industrial and consumer applications. Established in 1996 in technical collaboration with SOLLAC of France and Mitsubishi Corporation of Japan, the company is headquartered in Karachi, Pakistan, and operates as a key manufacturing entity of the Siddiqsons Group. The enterprise stands as the pioneer and sole tinplate producer in Pakistan, managing an electrolytic tinplate manufacturing facility in the Special Industrial Zone of Winder, Balochistan, alongside an integrated can-making, lacquering, and printing plant in Malir, Karachi. The company operates through integrated metal packaging and steel finishing segments, offering a comprehensive suite of products and services that includes prime quality electrolytic tinplate (ETP) manufactured via the Ferrostan process in coils and cut sheets; high-precision lithographic tinplate printing, varnishing, and lacquering services; two-piece and three-piece welded tin containers for vegetable ghee and edible cooking oils; food-grade open-top sanitary cans for preserved fruits, vegetables, seafood, and dairy products; rigid metal packaging for paints, varnishes, industrial chemicals, automotive lubricants, and aerosols; and specialized tinplate components for crown corks, bottle closures, and filtration units. Siddiqsons Tin Plate Limited supplies packaging converters, food and beverage processors, chemical blenders, and cooking oil refineries across Pakistan and select export markets. In recent developments, Siddiqsons Tin Plate Limited rolled back its proposed Tin Mill Black Plate (TMBP) and Cold Rolled Coils (CRC) manufacturing complex due to heightened macroeconomic headwinds, foreign exchange volatility, and elevated borrowing costs. In response to competitive pressure from untaxed alternative materials such as Galvalume, the company has implemented financial restructuring initiatives with the support of its principal sponsor, optimized capacity utilization at its Malir canning facility, and pursued targeted export diversification strategies to expand sales of value-added metal packaging into overseas jurisdictions, including North America.