Paramount Textile Ltd would spend $85.45 million to expand its manufacturing capabilities. The textile manufacturer announced on the Dhaka Stock Exchange’s website on May 16th that it will import capital machinery for civil construction and other auxiliary tasks. The corporation will be able to produce an additional $7 million in monthly revenue as a result of this, and the post-import facilities will be settled through foreign currency term-loan facilities. According to DSE statistics, each share of the business finished at Tk 75.7 yesterday, down 4.9 percent from the previous day.
Last year they also invested the same amount for business expansion including $70.45 million for BMRE (Balancing, Modernisation, Rehabilitation, and Expansion), and $15 million to set up a new fabrics unit.