PAKISTAN
Redco Textiles Limited, a leading public limited company listed on the Pakistan Stock Exchange (PSX), has announced a significant capital investment of PKR 800 million for the acquisition of plants and machinery.
This investment is aimed at expanding the company’s existing production capacity to meet growing demand and strengthen its position in the textile industry, said the company’s information shared with the Pakistan Stock Exchange (PSX).
The Board of Directors of Redco Textiles Limited approved the capital investment during its meeting held on March 17, 2025. The investment is expected to enhance Redco’s operational capabilities and improve efficiency in the manufacture and sale of yarn and greige fabric, which are the company’s principal products.
Redco Textiles, incorporated on October 17, 1991, under the now-repealed Companies Ordinance, 1984 (and currently governed by the Companies Act, 2017), has been a prominent player in the textile manufacturing sector. The company has earned its place on the Pakistan Stock Exchange with a consistent focus on quality production and sustainable growth.
The new investment signifies Redco’s commitment to further strengthening its infrastructure and expanding its presence in both domestic and international markets. – ER
