Din Textile Mills to set up Rs 3 billion Weaving Project

September 25, 2020 (MLN): For the sake of achievement of value addition goal, the board of directors of Din Textile Mills Limited has given approval to set up a weaving project.

The project is expected to be functional by the end of January 2021, the company’s notice to PSX revealed.

The project will require 120 Air jet looms- Picanol N.V. The looms and ancillary machinery will cost Rs 2.3 billion.

The expected total cost of the aforesaid project is Rs 3 billion.

After successful execution of the project, the company can produce 13 million meter fabrics, which will generate an additional expected sale of Rs 3.6 billion for the company.

Copyright Mettis Link News

Posted on: 2020-09-25T12:18:00+05:00

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