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Muscat Threat Mills backtracks on Bangladesh plant

Muscat Threat Mills backtracks on Bangladesh plant
Photo Credit: Arabianeye-Reuters
Muscat Thread Mills
MTMI
4.21% 0.10 0.00

Mubasher: Muscat Thread Mills Co. said it cancelled a plan to establish a plant in Bangladesh, which will led to a drop of OMR 105,000 in FY15, according to a bourse filing on Monday.

The cancellation was decided by the board after as the company was unable to find a feasible source of fuel to operate the project.