Economic Reporter :
Matin Spinning Mills, a concern of DBL Group, yesterday inaugurated its new production unit for producing melange yarn, a mixed yarn used in making fabrics, to meet the growing demand for the group.
The new unit has been established at Kashimpur in Gazipur with the production capacity of 10 tonnes of melange yarn a day, the group said in a statement yesterday.
Total production capacity of the factory now stands at 35 tonnes a day, the group said.
Abdul Wahed, chairman of DBL Group; MA Jabbar, managing director; MA Rahim, a director; MA Quader, a director, and Mohammed Hassan Imam, a director, among other high-ups of the group attended the event. The company raised Tk 126 crore through an initial public offering from the premier bourse to set up the plant, the company said.
The new machinery was imported from Trutzschler of Germany, Rieter of Switzerland, Toyota and Murata of Japan and Marzoli of Italy.
