Paramount Textiles, a Bangladesh-based manufacturer of woven yarns and a subsidiary of Paramount Group of Companies, will be investing Taka 35 crore (approximately $4 million) to expand its weaving capacity and other auxiliary capacities. Capital machinery for the same will be imported and the company plans on taking foreign loans to arrange the fund.The company disclosed the details about capacity expansion following a board meeting, according to Bangladeshi media reports.
The company posted earnings per share (EPS) of Taka 4.46 for 2019-20 and Taka 3.4 for the first nine months of 2020-21.
Paramount Textiles, a Bangladesh-based manufacturer of woven yarns and a subsidiary of Paramount Group of Companies, will be investing Taka 35 crore (approximately $4 million) to expand its weaving capacity and other auxiliary capacities. Capital machinery for the same will be imported and the company plans on taking foreign loans to arrange the fund.#
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