January 29, 2021 (MLN): Shehzad Textile Mills has installed 20 new Knitting Machines for Socks & Hosiery manufacturing Units which has started Commercial Productions from today i.e. Friday 29th January 2021.
The company’s new line of business of Socks knitting is working successfully since 7th October 2019 and is very much profiteering and giving good results to the Company.
The details of the installed Machinery are as follows:
18 Italian Knitting Machines (MACCHINA GK544 SPUGNA): Four Feeds, Single-Cylinder Machine for the production of socks and Pantyhose in Sandwich Terry, Normal Terry and Plain Fabric with Cylinder Diameter 4″ 108 Needle
2 Italian Knitting Machines (MACCHINA GK523 SPUGNA): Feeds, Single-Cylinder Machine for the production of Socks and Pantyhose for Men, Women, Children in Normal Terry (Only with the Complete Sinker Cap) and Plain Fabric Cylinder Diameter 4' 144 Needles equipped with accessories.
In a notification to PSX the company said, “it is expecting better financial results due to this addition.” Furthermore, new products shall be mainly exported to US and EU regions. This will result in better performance of the Company as a whole and will enhance the shareholders' value, it added.
