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Gulfood 2026 Press Releases

02 Feb 2025

Olympic Industries to invest Tk17cr in land for expansion

Olympic Industries Limited Hall: South Hall 12 Stand: SH-U2
Olympic Industries to invest Tk17cr in land for expansion
Olympic Industries will purchase six pieces of land spanning 273 decimals adjacent to its factory in Lolati, Narayanganj, for Tk17 crore to facilitate future expansion, according to a stock exchange filing.
The leading branded biscuit manufacturer will cover all registration costs, including VAT, taxes, and other charges. Over the past six years, Olympic Industries has consistently invested in land, totalling around Tk181 crore in properties across Bashundhara, Tejgaon, Purbachal, and Narayanganj by October 2024. Additionally, it has invested Tk178 crore in diversifying its business segments, including Tk22.71 crore for chanachur production, Tk24.75 crore for noodles, Tk12 crore for chocolate, Tk25.65 crore for cakes, Tk64 crore for biscuits, and Tk28.50 crore for infrastructure and packaging.
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