HAEL completes installation of imported air jet weaving machinery
MG News | February 06, 2026 at 03:58 PM GMT+05:00
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.
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