J.K. Spinning Mills commits $8.3mn to modernise fabric processing, spinning units
J.K. Spinning Mills, a Pakistani textile firm, has committed over Rs2.3 billion, i.e. approx. $8.3 million to modernise fabric processing and spinning units. The listed textile firm disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “J.K. Spinning Mills Limited has undertaken an investment of approximately Rs1,789 million for the enhancement and modernisation…
Pakistani textile company J.K. Spinning Mills has allocated over $8.3 million to upgrade its fabric processing and spinning units. The firm announced the investment in a notice to the Pakistan Stock Exchange.
J.K. Spinning Mills Limited will invest approximately Rs1,789 million, including a Goller Complexa two-stage Bleaching Range, an 8-Chamber POSLU Stenter, and a biomass-fired step-grate thermal oil heater. The company also plans to replace 16 high-speed Ring Frame LRJ/SX machines, 2 sets of Toyota Simplex frames, and other equipment.
This investment aims to boost operational efficiency, improve product quality, and enhance the firm's competitiveness. Additionally, the company has allocated Rs515.50 million under its Balancing, Modernisation, and Replacement (BMR) policy for spinning division upgrades.
The investment is part of J.K. Spinning Mills' ongoing efforts to modernize its manufacturing facilities and improve product quality. The firm was founded in 1987 and is involved in textile manufacturing, including ginning, spinning, stitching, and the trading of yarn, fabrics, and other goods.
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