InvestmentSQUARETEXT
SQUARETEXT Approves Factory BMRE Investment
Announcement summary
- What happened
- SQUARETEXT approved a factory BMRE investment.
- Company
- Square Textiles PLC.
- Announcement published
Original announcement
(Continuation of news of SQUARETEXT): The Board of Directors has also approved an investment plan to increase production capacity of the factory as follows: Facility to be built: Yarn production capacity, Capacity to be increased: 4,235 tons per annum, Estimated project cost: Tk. 113.87 crore, Expected date of completion: April, 2016, Estimated turnover: Tk. 119.00 crore per annum, Expected Profit Contribution: Around 11% on turnover.(end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040064b80
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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