ADM sews up record nine months

24/06/2022
ADM sews up record nine months
Karachi-based denim supplier Artistic Denim Mills (ADM) has revealed that it has been investing in the balancing, modernisation and replacement of its plant facilities and machinery after securing long-term financing via the State Bank of Pakistan. 

According to a report released by ADM, over the nine months ended March 31, 2022, the company received long-term financing of roughly $5.6 million for fiscal 2022 versus approximately $2.7 million the year previous. 

Net sales during the same nine-month period surged 75.3% year on year, the same document said, achieving a record $57.2 million or 11.864 billion Pakistani rupees. 

ADM partnered Spanish recycled cotton and blends producer Recover last year, as part of a multi-year deal designed to broaden the manufacturer’s sustainably minded offer. 

Image: ADM.