SFL to invest $5m as equity in wholly owned subsidiary Sapphire USA
MG News | March 27, 2025 at 12:47 PM GMT+05:00
March 27, 2025 (MLN): Sapphire Fibres Limited (PSX: SFL) intends to invest up to $5 million as equity in its wholly owned subsidiary, Sapphire USA, LLC.
This strategic investment will enable SFL to establish a stronger foothold in the US market, driving export growth and enhancing profit margins through increased market access and operational efficiency.
The company is principally engaged in the manufacturing and sale of yarn, fabrics, and garments.
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