FAR Chemical Industries Ltd. FAR Group was established in 1993 based on 100% export oriented Sweater Industry. The Group have been exporting readymade sweater to Europe, America and Canada as per requirement and the ever-changing needs of different buyers. Initially the raw materials and other accessories were imported from abroad. In that time we were facing huge problem for foreign raw Materials regarding the lack of co-operation of foreign suppliers. As a result finally we could not provide proper support to our Foreign customers/buyers in due time. However the dedication of FAR Group to provide the best quality and service in the most competent price to the buyers by establishing the two prominent backward-linkage industries - M.L. Dyeing and R.N. Spinning helps to overcome the situation. The establishment of M.L. Dyeing not only resolved the crisis that the Group faced regarding the import of raw materials, but also became the milestone of locally produced yarn in Bangladesh; terminating the need to depend on foreign yarn by supporting almost all the sweater industries of Bangladesh as well as providing employment to a vast majority of people. The quest to the backward-linkage industries that began with M.L. Dyeing eventually gave rise to the birth of R.N Spinning, one of the largest Acrylic Spinning Mills of Bangladesh. Furthermore, the addition of textile chemical plant named FAR Chemical ensuring optimum quality and control guarantees the superiority and unsurpassed excellence of end products. Additionally, the Group has also invested in the Real Estates, Tourism and Construction Sectors under the subsidiaries FAR Homes Ltd, Hotel Royal Tower and ML Steel Mills Ltd. FAR Group is a rising star in the industrial sector, guided by the visionary Chairman Al-Hajj Md. Abdul Kader Faruk and supported by its skilled and dedicated managerial team and employees who are tirelessly in pursuit of the Group’s vision of creating huge number of employment for the citizen of Bangladesh, by providing creative and innovative ways of employment opportunities to contribute nationally and also by its contributions in the saving of foreign currency and remarkably decreasing foreign dependency. Current Price: 56 Eps: 3.38 PE Ratio: 10.54 Nav: 15.55 Public Holding: 1 cr 8 lac
Posted on: Fri, 25 Jul 2014 19:23:46 +0000
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