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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.
| Site | Largest | Latest |
|---|---|---|
| Bhaluka, Bangladesh | $11.2M | 2022-12-12 |
| Bangladesh | $11.4M | 2022-12-06 |