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

By 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	133,096.58 95.10M	-0.21% -273.56
ALLSHR	82,939.57 341.82M	-0.17% -141.59
KSE30	40,560.77 31.17M	-0.36% -144.53
KMI30	191,872.76 40.00M	-0.37% -707.91
KMIALLSHR	55,741.33 195.27M	-0.17% -94.39
BKTi	36,134.65 5.19M	-0.50% -182.53
OGTi	28,459.70 2.82M	-0.29% -83.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,435.00	108,880.00 107,680.00	-20.00 -0.02%
BRENT CRUDE	69.43	69.50 69.03	-0.15 -0.22%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.74	67.97 67.40	-0.19 -0.28%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%