Din Textile Mills Limited has announced plans to expand its production capabilities by setting up a new bedsheet stitching unit.
According to a notification to the Pakistan Stock Exchange (PSX) on Friday, the board of directors has approved the establishment of the new unit as part of the company’s ongoing expansion strategy in the textile sector.
“Din Textile Mills Limited is pleased to announce that the Board of Directors has approved the establishment of a new bedsheet stitching unit as part of its expansion strategy in the textile sector. This new unit will be located at our existing production facility and is expected to be operational by November 2024 subject to the timely completion of construction and equipment installation,” read the company notice to the PSX.
The new stitching unit will be located at Din Textile’s existing production facility and is expected to commence operations by November 2024.
The timeline for completion is contingent upon the timely execution of construction and installation of necessary equipment.
Furthermore, Din Textile’s board also approved an interest-free long-term directors’ loan of Rs 1 billion to be paid within the next fifteen days.
