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Envoy Textiles Ltd. will invest €10.8 million ($11.2 million) to install a second denim yarn spinning unit at its plant in Bhaluka, Mymensingh, Bangladesh. The unit will have an annual yarn production capacity of 3,600 tons, primarily for in-house denim fabric manufacturing.
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.
Azərişıq signed contracts worth $240 million under the first tranche of a $750 million ADB loan for the Power Distribution Enhancement Investment Program. The Dalimammadli substation, energized in July 2017, was part of this program.