SQUARETEXT has informed that the Board of Directors has approved an investment plan to increase production capacity of the factory through building Yarn production and Fiber Dyeing Facility. This will increase the capacity to 3,000 tons per annum. Estimated project cost will be BDR 916.0 million. Expected date of completion will be March, 2019. Estimated turnover will be BDR 706.5 million per annum and expected profit contribution will be around 10.00% on turnover.