Mehmood Textile Mills’ capacity expansion to add Rs3bn in topline

News Image

By MG News | November 09, 2021 at 02:52 PM GMT+05:00

0:00

November 9, 2021 (MLN): Mehmood Textile Mills Limited has launched an apparel unit with a capacity of 10,000 units/day and committed to taking it to 35,000 units per day within 18 months timeframe.

As per the company, it is the only project of its own kind in South Punjab and it will add Rs3 billion in top-line.

In this regard, all major requirements have already been installed such as; Infrastructure, ETP, Boiler, Power capacity, Sustainability infrastructure and Utilities, the company in its recently issued annual report to Exchange said.

“Keeping in view stated expansions we will be achieving a target of 35,000 units/day,” the company said.

The management is committed to achieving economies of scale by reducing the cost of production and increasing their quantity of output. Moreover, the company will take benefit from technological advancement in machinery and by spreading its fixed costs over more units and will experience economies of scale.

For this, the company is adding 35,328 spindles in its existing production line against TERF/ LTFF loan this BMR will add Rs3.6bn in its top line and will be operational in next year, the report said.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,450.00 110,265.00
108,625.00
235.00
0.22%
BRENT CRUDE 70.46 70.71
69.61
0.31
0.44%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.69 68.94
67.70
0.36
0.53%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

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