After a five-year hiatus, the dyeing unit of C&A Textiles, a listed company, resumed experimental production even though production in the garment unit of the company remains suspended.
As per an Apparel Resources report, the dyeing unit will resume full production after the trial run and will produce around 25 tonnes of cloth daily.
The trial production of C&A Textiles was inaugurated by Professor ShibliRubayat-Ul-Islam, Chairman (Senior Secretary), Bangladesh Securities and Exchange Commission (BSEC).
Listed on the capital market in 2015, C&A Textiles had raised Taka 45 crore from investors through initial public offerings, but had to halt production in 2017 due to loan fraud, less than a year after it was listed in the capital market.
The company had earlier cleared its longstanding dues thanks to Alif Group, which came forward to save the textile mill by investing Taka 50 crore as a share money deposit, after acquisition of C&A Textiles.
