InvestmentSQUARETEXT
SQUARETEXT Approves Factory BMRE Investment
Announcement summary
- What happened
- SQUARETEXT approved a factory BMRE investment.
- Company
- Square Textiles PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has approved an investment plan to increase production capacity of the factory through building yarn production capacity. This will increase the capacity to 4,510 tons per annum. Estimated project cost will be Tk. 119.37 crore. Expected date of completion will be May, 2018. Estimated turnover will be Tk. 98.33 crore per annum and expected profit contribution will be around 8.11% on turnover.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b00004005e773
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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