J.K. Spinning Mills invests Rs2.3bn in textile unit modernisation

J.K. Spinning Mills Limited has committed more than Rs2.3 billion (approximately $8.3 million) towards the modernisation of its fabric processing and spinning operations, aiming to improve efficiency and strengthen product competitiveness.

 

The listed textile company disclosed the investment plan in a notice to the Pakistan Stock Exchange (PSX).

 

The company said it has allocated approximately Rs1.789 billion for upgrading its fabric processing unit. The investment includes the installation of advanced bleaching and washing equipment, an eight-chamber stenter machine with a 3,400mm working width, and a biomass-fired thermal oil heater, along with related civil works and associated expenses.

 

J.K. Spinning expects the modernisation initiative to enhance operational efficiency and improve the quality and competitiveness of its products.

 

Separately, the company has invested Rs515.5 million under its ongoing Balancing, Modernisation and Replacement (BMR) programme for its spinning division.

 

The upgrade includes the replacement of 16 high-speed ring frame machines, two sets of high-speed simplex frames, an automatic bale plucker and other related equipment. The company expects the new machinery to optimise spinning operations and improve yarn quality.

 

J.K. Spinning has also secured financing from banks under the Long-Term Finance Facility (LTFF) scheme, with documentation and other formalities currently underway.

 

The investment forms part of the company's broader strategy to modernise its manufacturing facilities, improve productivity and enhance its competitiveness in the textile sector.