Dhaka-based SB Sweaters Ltd, which is associated with the Famous Composite Knitwears Ltd, is in the process of expanding its sweaters’ business, and is also planning to venture into jacket manufacturing as well.
The company, having a 10-line knit composite factory including dyeing and finishing, is looking for bank finance for its new project, which is sectioned and has already procured a 2.40-acre land in Gazipur. The factory is currently under construction, and production is expected to begin on a trial basis around June to July this year. This new factory will produce both knits as well as jackets.
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“Currently, our dyeing capacity is 15 tonnes a day, which seems sufficient for now. So our focus is to add stitching capacity first. We’re looking at the prospect of jacket manufacturing, since the sweater business is not doing well. Orders are not satisfactory. To maintain growth, we must start new product categories. We will work on both products — jackets as well as sweaters,” maintained Imamul Haque Osmani, ED of SB Sweaters, which mainly exports its products to Europe, while speaking to Apparel Resources.
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