This textile company's subsidiary bags export order of $43.87 million

Filatex Fashions has informed exchanges that its subsidiary - Filatex Mines and Minerals - has obtained an export order worth $ 43,875,000 from SociDIMO - BTP SARL (SDBS), a company based out of the Republic of Guinea.

"Filatex Mines and Minerals Private Limited has obtained an export order worth US$ 43.875.000 from Société DIMO - BTP SARL ("SDBS"). a company based out of Republic of Guinea," the company said in an exchange filing.

SDBS has been a distributor of granite and marble for the past nine (9) years and has a dealer network of over 5000 in 14 African countries.

As part of the contract, the company will supply 1.59,000 tonnes of marble polished tiles over a period of five years.

This is the second export order for the company’s mining subsidiary. 

Earlier on 26 July, 2024 the company received the order for supply of 2,97,388 metric tonnes of white marble worth USD 35 million (Rs 293 crore) over a period of 7 years.