C&A Textiles, plans to restart full-fledged production after Eid-ul-Adha 2023 following over four years of inactivity. The company, which had halted operations from 2017 to mid-2022 due to loan defaults, restarted textile production in June 2022. After Eid-ul-Adha, the remaining garment unit will resume operation, bringing the company back to full production after 2017. C&A Textiles has completed commissioning, testing, and trial production for both its garment and textile divisions. Bulk production for both units will commence soon. The company has also obtained court approval to hold its annual general meetings for the years 2017 to 2022. C&A Textiles raised Tk 45 crore through an IPO in 2015, and its sponsor-directors currently hold 22.14% of the company’s shares. The new owner, Alif Group, is expanding the facility to enhance manufacturing capacity.
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