Bangladesh Paramount Textiles Invest $ 85.45 million in BMRE

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Paramount Textile, a textile yarn manufacturer and part of the Paramount Group, has invested $ 85.45 million to establish new projects to increase capacity in addition to balancing, modernization, rehabilitation and expansion (BMRE). To do. The company said it had filed with the Dhaka Stock Exchange (DSE) that the funds would be raised through foreign term loans.

Paramount Textiles is expected to generate an additional $ 7 million in monthly revenue after expansion, according to Filing.

The new unit can produce 400 tons of fabric per month, thus almost doubling the company’s total capacity, Bangladesh Media said the company secretary of Paramount Textile Md Robiul Islam said.

Paramount Textile, a textile yarn manufacturer and part of the Paramount Group, has invested $ 85.45 million to establish new projects to increase capacity in addition to balancing, modernization, rehabilitation and expansion (BMRE). To do. The company said in a submission to DSE that the funds would be raised through foreign term loans.

Islam aims to expand to take advantage of the increasing demand for manufactured products as orders increase in the pandemic.

Fiber2Fashion News Desk (KD)

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Bangladesh Paramount Textiles Invest $ 85.45 million in BMRE

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The post Bangladesh Paramount Textiles Invest $ 85.45 million in BMRE appeared first on Eminetra.

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