MALEKSPIN Approves Factory BMRE Investment

The Company has informed that the Board of Directors of J.M. Fabrics Limited, a subsidiary Company of Malek Spinning Mills Limited had approved a BMRE plan to set up a new product line with an incremental capacity of 13,000,000 Pcs. per annum at an estimated cost of Tk. 92.62 crore, increasing production capacity from 43,680,000 Pcs. to 56,680,000 Pcs. per annum. As a result, there will be further value addition which will enable the Company to sell its products at higher margins. (cont.)