PSI: SET UP 1 SET ROTOR SPINNING MACHINE

 

ZAHEEN SPINNING LTD.

Corporate Office: House No. 59/A (6th & 7th Floor), Road No. 12/A, Dhanmondi, Dhaka-1209.

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This is for kind information for all concerned that the board of directors of Zaheen Spinning Ltd. in its 53rd meeting held on today (Wednesday), the 11th January of 2017 at 3.00 pm at the Corporate Office of the company at House No. - 59/A, Road No.- 12/A, (6th& 7th floor), Dhanmondi, Dhaka, among other things, has decided to set a Capital Machinery of Rotor Spinning Machine. The tentative cost for this new set up is Tk. 70.00 million. Annual Turnover & NPAT is Tk. 100.00 million & Tk. 17.00 million respectively. As a result net profit after tax of Zaheen Spinning will go up by 17.00 million. It may be mention here that the expected time of commencement of production is approximately August 2017.

                                                                                         By order of the Board

Dated: 11th January 2017                                                                Sd/- Dhaka                                                                                (Md. Mohin Uddin                                                                                                                                      Company Secretary

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