Evince Textiles Limited, the Dhaka-based textile manufacturer has decided to procure capital machinery worth around Taka16 crore with a view to augment production capacity with eyes on producing premium quality fabrics.
This is as per reports, which added a decision to this end was taken during the company’s board meeting on 24 December, while adding that as Evince’s annual report for FY22, the company is utilising 56.59% capacity in its dyeing unit, 61.73% in weaving, and 34.14% in finishing unit.
Meanwhile, even as many companies continue to struggle to import capital machinery in view of the foreign currency crisis, reports citing sources from within Evince, have maintained the company has its own foreign currency account through which it can make any Letter of Credit (LC) payment.
