Sapphire Fibres Limited has announced plans to inject up to $2.5 million in additional equity into its wholly owned US subsidiary, Sapphire USA, LLC, according to a notice sent to the Pakistan Stock Exchange (PSX) on Wednesday.
This new investment comes on top of the $5 million already invested in the subsidiary earlier this year. The company said the move is part of a broader strategy to strengthen its presence in the United States market, improve profitability, and build closer relationships with key customers.
Sapphire Fibres stated that the additional capital will help enhance market access and support the company’s long-term growth objectives in North America.
Sapphire Fibres Limited is one of Pakistan’s leading textile manufacturers, with a growing international footprint.
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