InvestmentMALEKSPIN
MALEKSPIN Approves Factory BMRE Investment
Announcement summary
- What happened
- MALEKSPIN approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Malek Spinning Mills PLC.
- Announcement published
Original announcement
(Cont. news of MALEKSPIN): After BMRE, it is expected that Spindles will be 79,464 and 2,000 Rotor Open end and production and sales revenue will increase by 60% & profitability will also increase substantially. This BMRE will create value addition due to improvement of product quality which will enable the company to sell its products at higher prices and retain better margin. The proposed BMRE may be implemented by funds from internal generations as well as taking loan from Banks & other sources. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b000040053251
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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