Nahee Aluminum adds capacity

Newly listed Nahee Aluminum is set to increase its annual production of aluminium false ceilings from January 15 by 83 lakh square feet. The new capacity is expected to increase its revenue by 30 to 40 percent.

The company, which has a market value of about Tk 50 crore, has installed new machinery purchased with the proceeds from its initial public offering in 2017 when it raised Tk 15 crore from stock investors.