Home / Knowledge / News / Textiles / Regent Textile to construct new units to expand production
Regent Textile to construct new units to expand production
19
Nov '15
Courtesy: Regent Textile Mills
Courtesy: Regent Textile Mills
Regent Textile Mills Limited, a unit of Habib Group that manufactures and exports woven fabrics, is set to build a textile mill and an apparel factory worth taka 179 crore, out which taka 125 crore will be raised through the Initial Public Offering (IPO) in order to expand its production, according to Bangladeshi media reports.

Salman Habib, managing director, Regent Textile, said, “Expansion of the textile unit will more than double its production capacity.”

The current unit produces 40,000 metres of woven fabrics every day, while the new unit is expected to produce 1,00,000 metres daily, added Habib. He also said that the company exports its products to European countries at present and plans to enter the US market.

The company recently held its IPO lottery ceremony allocating 50 million shares among successful investors in Chittagong. The lottery programme was held to allocate ordinary share of taka 10 each and a premium of taka 15 was allotted to successful subscribers. The IPO subscription was oversubscribed by about 6 times.

Regent Textile Mills Limited is an export oriented textile mill offering complete process line from weaving to finishing of readymade garment fabrics and home furnishing products. The company exports products to countries like Sweden, Norway, Germany, Switzerland, France, and Czech Republic. (HO)

Fibre2Fashion News Desk – India


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search