Dhaka, May 8 -- Rahim Textile Mills PLC - a concern of New Asia Group - has planned to expand its capacity with a projection of increasing its annual revenue by 24%.
According to the plan approved by its board, the company will install new accessories and seamless dyeing machinery at the existing factory premises.
With the machinery, civil construction, local expenses, and contingency works, it will invest Tk13.73 crore, according to a stock exchange filing on 30 April.
The proposed new machinery installation will be financed by funds from internal generation as well as loans from banks and other sources.
In the fiscal 2022-23, the firm suffered blows from increasing raw material prices, an unavailable gas supply, along with increases i...