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MNR
started
its
product
range
by
introducing
Textile
bags
and
today
it
has
ventured
into
array
of
Textile
products
these
Textile
products
are
mainly
made
from
organic
textile,
Jute,
Cotton
or
Blended
Textile
comprising
of
Jute
cotton
and
Linen.
The
company
has
expanded
rapidly
and
plans
for
vertical
backward
integration.
Presently
the
company
has
operations
of
manufacturing
Textile
bags
and
its
accessories
and
plans
to
install
production
for
lamination,
fabric
dying,
fabric
weaving
and
yarn
producing.
The
Company
from
time
to
time
seeks
to
further
diversify
into
other
industries.
Presently,
the
Company
approved
a
plan
to
establish
a
retail
business
wherein
high
end
bags
to
substitute
leather
bags
shall
be
sold.
The
Company's
major
products
and
brands,
from
Textiles
are
tightly
integrated
and
benefit
from
synergies
across
the
Company.
The
implementation
of
backward
integration
within
will
have
a
positive
effect
on
the
Company's
operating
margins
and
interest
costs
and
decrease
the
Company's
exposure
to
the
cyclicality
of
markets
and
raw
material
prices.
The
Company
believes
that
this
strategy
is
also
important
in
maintaining
a
domestic
market
leadership
position
in
its
major
product
lines
and
in
providing
a
competitive
advantage.
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