Olympic Industries to invest in machinery to expand carton, food processing

Olympic Industries PLC has approved the purchase and import of new capital machinery to expand its packaging and food processing capacity.

The decision was taken at a board meeting held on Saturday, according to a disclosure filed on the Dhaka Stock Exchange yesterday.

Under the plan, the company will import two sets of brand-new capital machinery to establish a carton production plant. The equipment will have a combined annual production capacity of 315.36 million pieces, with each set capable of producing 157.68 million pieces per year.

The machinery will be procured from China at a total cost of $500,000, including freight charges, which is equivalent to around Tk6.13 crore. The machines will be installed and commissioned at the company's Kutubpur factory in Narayanganj.

In a separate move, the board also approved the purchase of a brand-new egg washing and breaking machine for its food processing operations. The machine, which will have an annual capacity of 175.20 million pieces, will be imported from Hong Kong.

The cost of the machinery, including freight, is estimated at $46,000, equivalent to approximately Tk56.44 lakh. It will be installed and commissioned at the company's Lolati factory in Kanchpur.

The investment is expected to strengthen Olympic's packaging capability while enhancing efficiency in its food production process, said the company in its disclosure.

Olympic Industries, one of the leading fast-moving consumer goods companies, is producing a wide range of biscuits, confectionery and bakery products for both domestic and export markets.

The company has maintained steady financial growth in recent periods. For the July-December period of 2025, Olympic reported revenue of Tk1,548 crore, up from Tk1,490 crore in the same period a year earlier.

During the period, earnings per share rose slightly to Tk5.99 from Tk5.82 a year earlier. The company's net asset value per share stood at Tk65.34 as of December 2025.