OLYMPIC Decisions to commence commercial operations - Share market analysis of dhaka stock exchange, Bangladesh
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03 May, 2018 06:00 PM Source: Dhaka Stock Exchange

Referring to their earlier disclosure dated 18.01.2017, the Company has further informed that the Board of Directors has taken the following decisions: 1. Commercial operation of the cartoon manufacturing line of the Company has completed with corrugation and printing with an estimated annual; capacity of 66.00 million cartoons, shall commence from May 01, 2018 at the Kutubpur factory of the Company. 2. To enter into a third party manufacturing agreement with Lucerne Cocoa & Chocolate Products Limited, to have its Chocolate products manufactured by Lucerne. The agreement will be for an initial period of 2 years, commencing from June 2018 for an estimated monthly production of 20 metric tons. 3. Commercial operation of the noodles manufacturing line of the company with an estimated annual capacity of 9,000 metric tons shall commence from May 01, 2018 at the Kutubpur factory of the Company. 4. Commercial operation of an additional tunnel oven to increase the annual bakery capacity of the company by 1,800 metric tons shall commence from May 01, 2018 at the Madanpur factory of the Company.

 

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