Safco Spinning Mills, a publicly traded company in the capital market, has restarted production after a lengthy six-month hiatus. The company resumed operations on Sunday, August 31. Previously, production had been halted until August 30.

This information was disclosed by sources from the Dhaka Stock Exchange (DSE).

It has been reported that due to the prevailing economic conditions and the elevated prices of raw materials in the local textile market, the company struggled to recover from its losses. Consequently, the management had earlier opted to suspend production for a duration of two and a half months.

On February 3, a DSE investigation team visited the Safco Spinning factory and discovered it was closed.

Subsequently, on February 12, Safco Spinning’s management announced that production had been halted on February 1 to mitigate the company’s losses, with plans for a two-month closure. They indicated that production would resume if conditions improved.

Later, on June 2, the company declared that it would extend the production suspension for an additional two and a half months, stating that the factory would remain closed until August 16, 2025.