Seri Plastic will set up a jointly owned business with Unilever and will buy and convert the London-based group's plant in the southern town of Pozzilli, which will recycle plastic waste based on EU circular economy models.
The deal is in line with Unilever's "Clean Future" global project, which includes the aim of halving the use of plastics in its packaging by 2025, the statement said.
The Pakistan-based courier service, Universal Network System Ltd. is planning an initial public offering (IPO) to become the first logistic company to list in Pakistan.
The courier company hopes to expand its network and enhance its technological infrastructure by attracting new investors to the business.