Home / Knowledge / News / Textiles / Monno and Apex textile firms likely to restart operations
Monno and Apex textile firms likely to restart operations
27
Jul '10
The Securities and Exchange Commission has directed two publicly listed textile firms that had removed around 4,500 workers, to conduct extraordinary general meetings, early August.

Both these firms are likely to decide upon resuming operations in their firms, who had given dearth of gas supply, as the key reason, for them to lay-off their workers.

While Monno Fabrics, an export-related textile mill, situated at Gilondo in Manikganj district had laid off 2,500 labourers last year on October 22. They will conduct their EGM at the firm's main office in Dhamrai, Islampur on August 4.

Similarly, Apex Weaving Ltd, which resulted in to job loss for about 2,000 workers on April 12, last year, will conduct its EGM at its factory premises in Shafipur Gazipur on August 3.

But as per Ekramul Hoque, Company Secretary for Monno Group, no separate gas pipeline was as yet set up for supplying gas to Monno Fabrics, despite state-owned Titas Gas Transmission and Distribution Company Ltd assuring them of a separate pipeline.

Last year, Monno Fabrics was worth Tk 5 billion. Currently, its market value is Tk 1.035 billion, based on the closing price of each share at Tk 90 on the premier bourse.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X