Home ›› 04 Aug 2021 ›› Stock

Far Chemical constructs new unit for expansion

Staff Correspondent
04 Aug 2021 00:00:00 | Update: 04 Aug 2021 13:04:36
Far Chemical constructs new unit for expansion

Far Chemical Industries, a listed textile chemical manufacturer, is constructing its second manufacturing unit at Rupganj of Narayanganj.

In a disclosure to the Dhaka Stock Exchange (DSE) on Tuesday, the

company said that it had already started the construction work and

opened letter of credit (L/C) of pre-fabricated steel structure building

factory shade and partial capital machineries.

In 2016, Far Chemical had bought 1.9 acres of land at Rupganj at a cost of Tk 3.39 crore to establish the factory.

The company saw huge profit loss for the third quarter (January-March’21) of FY21 as its profit after tax declined by 86 per cent to stand at Tk 34.63 lakh, which was Tk 2.53 crore in the same period of FY 20.

×