Envoy Textiles finalizes €10.8M loan from ADB for second spinning unit

Envoy Textiles has finalized a €10.80 million loan agreement with the Asian Development Bank to purchase machinery for its second spinning unit, which will have an annual yarn production capacity of 3,600 tonnes.

“The new unit will be automated and more energy efficient, and will have an annual yarn production of 3,600 tonnes to be used for mainly in-house production of denim fabrics.”thefinancialexpress.com.bd

• 1 source
• thefinancialexpress.com.bdThe FE - Envoy Textiles finalises €10.80m loan deal with ADBFE ReportDec 6, 2022

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