Home / Knowledge / News / Apparel/Garments / Bangladesh to remain major supplier for H&M
Bangladesh to remain major supplier for H&M
11
Mar '16
Swedish clothing retail major H&M will continue to buy garment items from Bangladesh even as it scouts for alternative sourcing destinations, a top official of the company has said according to reports in the Bangladeshi media.

“H&M has maintained good relations with Bangladesh over the last 30 years. We have a long-term plan for Bangladesh. So we will continue business with Bangladesh,” said Hendrik Heuermann, Sustainability Manager of H&M in Germany.

Heuermann's comment came at an interaction with a group of Bangladeshi journalists who visited his Hamburg office in Germany last week.

H&M, the largest buyer for Bangladesh's clothing products, has recently started sourcing garment items from some new destinations such as Ethiopia and Myanmar.  H&M purchases about $5 billion of garment products from Bangladesh a year.

The company will use Ethiopia and Myanmar as the sources of basic garment items as Bangladesh started producing value-added garment items like jackets, for upscale customers in the western world, Heuermann said.

But he declined to comment on the quantity and prices of the apparel items the company sources from Bangladesh every year.

He said H&M has no plan currently to open any retail shop in Bangladesh, although the retail giant opened some stores in India last year to meet the demand for middle-income customers.

H&M also plans to open stores in New Zealand, Puerto Rico and Cyprus this year as the company thinks those are its potential markets, the official said.

Heuermann said Bangladesh is still a competitive country for producing garment items.

After the Rana Plaza building collapse in April in 2013, H&M had been criticized by customers for sourcing garment items at cheap prices, although the company did not buy garments from the factories housed in the Rana Plaza building.

Heuermann said his company has started a "fair wage method" in some garment factories in Bangladesh this year to help improve productivity and factory working conditions. (SH)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search