Bangladesh’s Tamijuddin Textile Mills (TAMIJTEX), which returned to the Dhaka Stock Exchange's (DSE) main market on June 13 after continuing on the over-the-counter market for more than a decade due to poor performance, will invest around Tk 500 million in balancing, modernisation, rehabilitation and expansion. The investment will be financed with its own equity and loan.
Most of the machinery will be added, or replaced, gradually from China, Japan and European countries with state-of-the-art spinning-production facility, said the company in a DSE filing.Bangladesh's Tamijuddin Textile Mills, which returned to the Dhaka Stock Exchange's main market on June 13 after continuing on the over-the-counter market for more than a decade due to poor performance, will invest around Tk 500 million in balancing, modernisation, rehabilitation and expansion. The investment will be financed with its own equity and loan.#
The textile maker expects significant value addition in terms of company's profitability, yarn quality, production capacity and efficiency with this initiative, said the filing, without elaborating, according to Bangla media reports.
Tamijuddin Textile's paid-up capital is Tk 300.65 million, authorised capital is Tk 350 million and the total number of securities is 30.06 million.
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