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Sapphire forms JV with Britain-based Carrington Textiles


Business
February 16, 2021
KARACHI: Sapphire Textile Mills and Britain-based Carrington Textiles have formed a joint venture in Pakistan – Carrington Textiles International, with new textile dyeing and finishing operations in Lahore that would provide up to 20 million meters a year of dyed and white fabric., it said on Monday
“Sapphire Textile Mills has agreed to form a Joint Venture (JV) with Carrington Textiles, a British company. Both the companies will combine their strength in manufacturing, marketing and research and development to bring value to the customers. The JV will be formed in United Kingdom,” a bourse filing said.
Carrington Textiles noted in a statement that a new production facility, now in operation, had some of the most modern European dyeing and finishing plant and machinery, which would further enhance the capabilities of the JV. ....

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