B Mirror Report: Sinobangla Industries Limited, a diversified sector company listed on the stock market, has undertaken a major modernization initiative in its production system. The primary objectives of the move are to reduce raw material wastage and increase factory output capacity.
Sources at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) said on Thursday (29 January) that the company’s board of directors has recently approved several investment proposals related to the upgrade.
According to the investment details, the company has decided to import an advanced recycling machine from China’s Changzhou Dune Environmental Technology Co Ltd, with an estimated market value of USD 0.14 million. In addition, a new loom machine will be purchased at a cost of USD 0.15 million to expand fabric production capacity.
Beyond machinery acquisition, the company also plans to construct a 7,100-square-foot steel structure building to house and operate the recycling unit. The total estimated cost for building construction and machine installation is around Tk 13 million.
Regarding financing, Sinobangla authorities stated that a portion of the required funds will come from the company’s own resources, while the remainder will be arranged through bank loans.
The investment is expected to introduce modern technology into the production process and significantly improve operational efficiency. Company officials expressed confidence that this strategic move will contribute to substantial growth in revenue and net profit in the future.
