Separate Hanger Manufacturing Factory

04 Jan 2017

Board of Directors has decided to go for setting up a separate hanger manufacturing unit in Gazipur, besides increasing the current Button manufacturing capacity. Details of expansion & addition of new product line are as follows: Estimated Project cost: US$ 768,273.00 equivalent to BDT 61.45 million (for Button: US$ 253,773.00 & for Hanger US$ 514,500.00); Project Location: under existing premises of Unit-2, West Dogory, Mirzapur, Gazipur Sadar, Dhaka.

Financing of Project: Foreign Supplier's Credit, Bank Loan and Company's own source; Origin of Machinery: Europe and China; Estimated date of Project Completion: within June, 2017; Production Capacity per day after completion of the Project: Total 280 GG of Button and 150,000 Pcs of Hanger; Expected turnover on utilization of full capacity: additional revenue of BDT 20.83 million per month and BDT 250.00 million annually approximately.

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