Matin Spinning Mills, a unit of DBL Group, plans to spend BDT 227 crore to expand its production capacity by 17 tonnes at its unit to produce high-quality yarn. The company will be able to meet 52.5 percent of its daily demand for 80 tonnes of yarn. The company will spend BDT 126 crore, to set up its cotton melange project, the first of its kind in Bangladesh. MA Jabbar, MD of Matin Spinning Mills said, “The additional capacity of producing 10 tonnes of cotton melange, a type of yarn, and seven tonnes of synthetic yarn will boost the total capacity to 42 tonnes a day.” The company will also spend BDT 101 crore to set up a synthetic yarn project, BDT 66.78 crore of which will come in as a loan from HSBC Bangladesh and the remaining BDT 34.62 crore from the company’s own fund.
