Shahzad Textiles to undertake CAPEX of Rs540 mln to meet international demand

MG News | December 07, 2018 at 12:38 PM GMT+05:00

0:00

December 07, 2018 (MLN): The Board of Directors of Shahzad Textile Mills Limited have decided to dispose of the obsolete machinery which is continuously running into losses.

The BoD have further decided to install a latest socks manufacturing unit to produce quality socks which has good demand in the international markets. This will be a 100% export oriented unit.

The total cost of the project will be PKR 540 million which will be financed by bank loans and internal generation of funds including proceeds of the disposal of the old machinery.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,085.00	117,685.00 115,580.00	-1005.00 -0.86%
BRENT CRUDE	68.04	68.59 67.79	-0.43 -0.63%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.15	64.67 63.83	-0.37 -0.57%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%