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

Textiles | On 16th Aug 2017

USITC to continue investigations on PSF imports

The US International Trade Commission (USITC) has determined that...

Textiles | On 16th Aug 2017

India’s apparel exports stumble in July 2017

Exports of readymade garments (including those made of cotton,...

Apparel/Garments | On 16th Aug 2017

EU displaces Japan as Myanmar’s largest apparel market

After the reinstatement of Generalised Scheme of Preferences (GSP)...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Johan Berlin
InvestKonsult Sweden AB

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

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

Ritu Kumar
Label Ritu Kumar

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X