Envoy Textiles to invest Tk97 crore in new spinning unit for blended yarn

Envoy Textiles Limited announced plans to invest Tk97 crore (about US$11.5 million) in a new spinning unit in Bangladesh, adding 4,550 tonnes of annual production capacity for cotton-polyester-spandex core-spun yarn. The project is expected to complete by December 2025.

“Due to the growing demand for blended yarn, the company decided on the expansion.”tbsnews.net

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• tbsnews.netEnvoy Textiles to invest Tk97cr to increase blended yarn production | The Business StandardTBS ReportNov 10, 2024

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