Evince textiles to invest Tk21 cr for its capacity expansion

Evince Textiles as part of its business expansion plans to make investment of Tk21.29 crore to increase its production capacity and improve quality of products for which it will install 30 air-jet weaving looms and accessories.

Anwar-ul Alam Chowdhury, chairman of Evince Textiles said that they need to expand their business and improve quality to meet customers’ requirements. The company currently produces around 1.2 crore yards of cotton-yarn a year.

The new looms and accessories will increase the company’s production capacity by about 30 lakh yards. The air-jet looms will cost Tk 10.56 crore, while the accessories would cost around Tk 10.73 crore.

Based in Gazipur, Evince Textiles started commercial production in May 2003. The Factory is situated at Vill./Mouza: Shirir Chala, P.O.: Bhabanipur, P.S.: Joydevpur, Dist: Gazipur. The Company is engaged in the business of manufacturing and selling of 100% deemed export oriented yarn dyed woven fabric.

They thrive to be the most admired organization in the apparel and textile industry of Bangladesh by producing premium quality products to their customers at competitive prices, while maintaining an ethical business culture so that the communities in which they operate, as well as the economy at large are benefited to gain market leadership in the apparel manufacturing industry

It was listed on the stockmarket in 2016. Its net profit stood at Tk 2.38 crore with earnings-per share of Tk 2.25 at the end of June last year.