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Premco Global gets nod for setting up new factory at Gujarat

23 May 2022 Evaluate

Premco Global has received approval for setting up new factory at Gujarat for capacity expansion with a capital outlay of Rs 18 crore to be funded through internal Accruals of Company and bank borrowings. The board of directors of the company at its meeting held on May 21, 2022 has considered, adopted and approved the same.

Premco Global engaged in the business of manufacturing Woven and Knit Elastic and Non-Elastic Narrow Fabric, Tape and Webbing for use in the Apparel, Lingerie Sports-related, Medical, Footwear, Luggage, Furnishing and Automotive industries.

Peers
Company Name CMP
Vardhman Textiles 560.85
Welspun Living 212.00
Arvind 541.60
Raymond Lifestyle 656.20
K.P.R. Mill 1096.20
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