Home / Knowledge / News / Apparel/Garments / Yu-Kom to set up warehouse for BGMEA
Yu-Kom to set up warehouse for BGMEA
21
Apr '10
Bangladesh Garment Manufacturers and Exporters Association has struck a deal with a Spanish company for providing its members warehousing facilities in Spain and other parts of Europe, BGMEA officials Tuesday (20th April, 2010) said.

If shipment of any BGMEA member exporter is cancelled or rejected by the importer while on the way or after reaching any European port, the Spanish warehouse operator would arrange release of such consignments form the ports and arrange their warehousing until the consignment can be sold to a fresh buyer. Every year many on-the-way shipments of Bangladeshi exporters face cancellation by the importers, creating untold hassles for the exporters in clearing the consignments.

Spanish logistic company Yu-Kom-Publicidad S.L. has entered into an agreement with BGMEA for providing such warehousing and stock sales services. BGMEA president Abdus Salam Murshedy and Yu-Kom executive Nuria Lopez signed the agreement on Tuesday at a ceremony held at BGMEA Bhaban on Tuesday.

'This warehousing facility will minimise the loss of our exporters… They can now avail this facility by paying small charges and find new buyers to sell their consignments,' said Mureshedy. In 2009, Bangladesh's clothing shipments to Europe amounted to more than 5.1 billion Euros which is around two-thirds of the country's entire apparel export proceeds.

Murshedy said BGMEA would arrange similar warehousing facilities in United States and Canada to help the Bangladeshi exporters.

Bangladesh Garment Manufacturers and Exporters Association

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search