InvestmentMETROSPIN
METROSPIN Approves Factory BMRE Investment
Announcement summary
- What happened
- METROSPIN approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Metro Spinning Ltd.
- Announcement published
Original announcement
(Continuation news of METROSPIN): The Company has also informed that to expand the business of the Company and thereby to increase the profitability and to secure greater interest of the Company, the Board of Directors has resolved to go/undertake BMRE (Balancing, Modernization, Rehabilitation and Expansion) subject to approval of bank finance. BMRE also includes reconstruction of factory building. On completion of BMRE the spindle capacity will be 38400 (cont. 5)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b0000400522bd
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from METROSPIN
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.