Envoy Textiles approves $32M spinning expansion in Bhaluka, Bangladesh

Envoy Textiles approved an expansion plan involving more than Tk 2.76 billion ($32 million) for two spinning projects to increase in-house yarn production, with the ring spinning project scheduled to come on stream first, followed by rotor capacity by March 2027.

“The board approved the expansion plan in April this year to increase in-house yarn production, particularly open-end yarn, with a view to reducing dependence on external sourcing and improving cost efficiency.”thefinancialexpress.com.bd

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• thefinancialexpress.com.bdThe FE - Envoy Textiles posts slight earnings dip, eyes growth through expansionFE REPORTSep 28, 2026

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