adv-06 adv-06

Metro Spinning to invest Tk200cr for expansion


Desk Report: One of the pioneer spinning industry ,Metro Spinning Limited sister concern of Maksons Group   wants to invest Tk200 crore for the reconstruction and expansion of its factory and installation of new machinery in order to cater to the growing demand of apparel abroad.

According to officials , the company has set a target of Tk300 crore revenue income from the expansion project.The existing production capacity of the company is 26.29 lakh kgs. After the completion of the expansion project, it will reach 91.25 lakh kgs.

In December last year, the company Chairman Mohammad Ali Khokon had announced they were going to invest Tk340 crore in the Mirsarai Economic Zone. After getting the land from BEPZA, the new project will start.