The board of directors of the knitwear dyeing and washing unit of Rahim Textile Mills PLC. announced that the Board of Directors has approved the proposal for expansion of knitwear dyeing and washing unit by installing new machines in the premises of the company’s existing factory at Shafipur, Kaliakoir, Gazipur, with machinery and unscheduled works for a total investment estimated at BDT 247.6 million. The installation of the proposed new machines will be financed by funds from internal production as well as bank loans and other sources.
After the installation of the new machines, the knit dyeing capacity will be increased by 3,302,400 kg per year and the washing unit by 11,250,000 pieces of garments per year.
The new machines will enable the company to sell its products at higher prices and maintain a better margin, which will result in increased turnover and profitability. The installation of the proposed new machines will be financed by funds from internal production as well as borrowings from banks and other sources.
Business
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