Din Textile Mills Limited (DINT) has informed the Stock Exchange that after successful completion of the Trial Production Period, The Weaving Production has achieved start of its commercial operations effective from April 1, 2021.
The total cost of the project was estimated at PKR 3billion including cost of machinery at PKR 2.3 billion. The expanded weaving unit is estimaed to improve total sales of the company by PKR 3.6 billion per year. The expanded faiclity have capacity of 13 million meters of fabric per year. The expansion facility was partially financed with Debt and Equity.
The principal business of the company is to manufacture and sell yarn. Din Textile counts many large local companies as its buyer. They are supplier of fabric cloths to Nishat, Saphire and many other textile mills.
Din Textile is owned by Mr. Shaikh Mohammed Pervez and family, Din Industries Management Pvt Ltd and Din Corporation pvt Ltd.
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