Apex Tannery signs new agreements with footwear expo - leatherbiz: Lea Leatherbiz

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Apex Tannery signs new agreements with footwear exporters

22/11/2024
Bangladesh-based Apex Tannery Limited has announced plans to renew agreements with three footwear exporters—FB Footwear, Footbed Footwear, and Nuovo Shoes (BD)—to supply finished leather. The company expects these deals to bring in annual sales of around $132,800 (Tk16 crore).

While the new agreements show promise, Apex Tannery continues to face challenges, with its latest financial results showing losses similar to the previous year. The company has also decided to distribute a 5% cash dividend to its general shareholders, amounting to $59,787 (Tk72.03 lakh), while sponsor-directors will not receive payouts.

Founded in 1976, Apex Tannery is an export-oriented business, supplying leather to markets in Europe, China, and South America.


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