Khan Brothers turns to local sales amid ongoing export suspension
The company’s shares closed at Tk117.80 each on the Dhaka Stock Exchange today
Khan Brothers PP Woven Bags Industries, a publicly listed company, has decided to begin direct sales of its products in the local market, in addition to its current sub-contract work.
According to a stock exchange disclosure published yesterday, the company's export operations have been on hold since 2022, with all revenue generated solely from sub-contracting.
By sourcing raw materials locally and selling directly in the domestic market, the company aims to diversify its income streams and improve operational performance. Its management expects the move to have a positive impact on overall business activities.
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"Our bond facilities are still halted. That is why we plan to buy raw materials locally and sell them in the domestic market. However, the company is trying to resolve the suspension issue," Company Secretary Tapan Kumar Sarker told The Business Standard.
Today, the company's shares closed at Tk117.80 each on the Dhaka Stock Exchange.
Khan Brothers PP Woven Bags Industries, listed on the stock exchange in 2014, manufactures and exports a range of products, including flexible intermediate bulk containers (FIBC or jumbo bags), polypropylene (PP) woven bags, sacks, and woven fabrics.
In December last year, Beacon Group acquired shares from the previous board of directors at a negotiated value and nominated two shareholder directors along with one independent director to the company's management, ensuring a smooth transition of responsibilities and control.
Beacon Group's Chief Financial Officer Md Jalal Uddin earlier told TBS that the acquisition aligned with the group's plan to diversify its portfolio.
In September the same year, BSB Cambrian Education Group had shown interest in taking over Khan Brothers' management, though the plan did not materialise.
For the fiscal year 2023–24, Khan Brothers recommended a 1% cash dividend for its shareholders. In January-March FY25, its per-share loss stood at Tk0.02, compared to Tk0.01 in the same period a year earlier. The company's net asset value per share was Tk11.82 at the end of March 2025.
