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 PRICE SENSITIVE DISCLOSURE
 

 

PRICE SENSITIVE DISCLOSURE
 

This is for information of all concerned that the Board of Directors of Apex Footwear Limited in its meeting held on 30 April 2017 between 03:00pm to 04:30 pm has decided to enhance the Company’s existing production capacity and to ensure fulfilment of international compliance requirements through BMRE (balancing modernization rehabilitation and expansion) project.


Highlights of BMRE:

Project location                 
:

Existing export factory (Unit-1)

 Estimated project cost                                                                                                                                             
:

Total cost of Tk. 81.50 crores (approximately)

a) Building construction Tk. 60.00 crores

b) Machineries Tk. 15.00 crores

c) Retrofitting Tk. 6.50 crores

 Target completion date                    
:
December, 2018.
 Production capacity                             
:

On project completion, sewing capacity and lasting capacity will increase approximately by 5000 and 3000 pairs/day respectively. 

     
Dated: 30 April 2017   
By Order of the Board
House#06,Road#137 Block#SE(D), Gulshan-01, Dhaka-1212.                            
 
sd/
 
S.M.Shahjahan
   
Company Secretary
 
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