Gatron Industries set for expansion, benefiting from regulatory duty on polyester import

MG News | October 22, 2018 at 11:30 AM GMT+05:00

0:00

October 22, 2018 (MLN): Gatron Industries Limited has decided to expand the manufacturing facilities of its Polyester Filament Yarn, divulged the company in its latest statement issued to the Pakistan Stock Exchange (PSX).

In light of recent support extended by the government as it imposed regulatory duty on imports, Gatron industries has planned to seize the opportunity for substitution of significant imports of polyester filament yarn in the country.

“Certain underway projects will be implemented for production in 2018-19 and further additions in plant and machinery has just been contracted which will commence production in two phases in the next two years,” read the notification.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,642.28 291.89M	-0.25% -419.92
ALLSHR	101,179.88 772.85M	-0.01% -5.31
KSE30	51,000.17 132.20M	-0.41% -209.51
KMI30	240,508.51 109.07M	-0.51% -1236.96
KMIALLSHR	65,986.51 342.54M	-0.22% -146.91
BKTi	45,434.36 43.62M	0.11% 51.23
OGTi	32,945.97 16.91M	-1.30% -432.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,800.00	91,320.00 86,500.00	5040.00 5.88%
BRENT CRUDE	63.04	63.35 62.17	-0.13 -0.21%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.10 1.22%
ROTTERDAM COAL MONTHLY	99.50	99.50 96.45	1.95 2.00%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.18	59.67 58.28	-0.14 -0.24%
SUGAR #11 WORLD	14.97	15.07 14.72	0.21 1.42%