The board of directors of Apex Tannery Limited in Bangladesh recently decided to sign a contract with three companies-- FB Footwear Ltd., Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd.—to sell its finished leather. Some directors of Apex Tannery are also directors of the three companies, according to a recent disclosure posted on the Dhaka Stock Exchange.
It is estimated that the annual sale to FB Footwear Ltd., Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd. by the company will be around Tk 16,50,00,000, Tk 3,25,00,000 and Tk 1,25,50,000 respectively, according to bangla media reports.The board of directors of Apex Tannery Limited in Bangladesh recently decided to sign a contract with three companies-- FB Footwear Ltd., Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd.-to sell its finished leather. Some directors of Apex Tannery are also directors of the three companies, according to a recent disclosure posted on the Dhaka Stock Exchange.#
Apex Tannery's main activity is to produce and export leather by using Italian chemicals, technology and various types of finished leather for shoes and leather goods. It is a cent per cent export-oriented company. Its annual production capacity is 32 million square feet.
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