HAEL completes installation of imported air jet weaving machinery

News Image

MG News | February 06, 2026 at 03:58 PM GMT+05:00

0:00

February 06, 2026 (MLN): Hala Enterprises Limited (PSX:HAEL) has successfully completed the installation and operationalization of imported Air Jet weaving machinery.

In continuation of an earlier disclosure dated September 17, 2025, regarding the establishment of a Letter of Credit for importing Air Jet Terry Towel weaving machinery from Shandong Rifa Textile Machinery Co. Ltd., China, the company confirmed that the project has now been fully executed.

The imported Air Jet weaving machines, along with supporting infrastructure including an air-conditioning plant, centralized compressor facility, and newly designated weaving shed, have been fully installed and commissioned, according to the company's statement issued today.

Commercial production from the new machinery has commenced with effect from February 2, 2026, and the machines are operating under normal production conditions.

With the successful commissioning, the company has realized the previously disclosed approximately 75% enhancement in weaving production capacity, enabling improved in-house production capability, operational efficiency, and stronger competitiveness in export markets.

The expansion is expected to positively contribute to the company's future turnover and profitability outlook, while strengthening its productive asset base and supporting long-term shareholder value.

The company confirmed that the funding arrangement previously disclosed remains unchanged, and the project completion has been achieved without creating external financial liabilities.

 


Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 161,210.68
402.54M
3.49%
5433.46
ALLSHR 96,097.29
718.60M
3.34%
3102.77
KSE30 49,781.74
146.66M
3.95%
1890.99
KMI30 230,597.11
158.11M
4.81%
10582.05
KMIALLSHR 62,183.27
382.16M
3.79%
2272.55
BKTi 46,523.21
43.62M
2.50%
1134.61
OGTi 32,678.22
24.62M
6.68%
2046.87
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 72,915.00 73,600.00
72,020.00
-530.00
-0.72%
BRENT CRUDE 82.17 84.74
81.50
0.77
0.95%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-17.10
-14.68%
ROTTERDAM COAL MONTHLY 121.50 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 75.58 78.09
74.97
0.92
1.23%
SUGAR #11 WORLD 13.74 13.80
13.68
0.01
0.07%

Chart of the Day


Latest News
March 05, 2026 at 02:41 PM GMT+05:00

National Savings surge to Rs27bn in January


March 05, 2026 at 02:21 PM GMT+05:00

Gold price in Pakistan falls Rs2,800 per tola


March 05, 2026 at 02:18 PM GMT+05:00

Govt domestic debt, liabilities rise to Rs56tr in January


March 05, 2026 at 02:13 PM GMT+05:00

Govt, SBP form committee to monitor economic situation


March 05, 2026 at 02:10 PM GMT+05:00

PSX Closing Bell: Reclaiming Lost Ground



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg