Bangladesh's Paramount Textile joins ITMF as corporate member

23 Dec '22

2 min read

Pic: Twitter/ @ParamountBD

Paramount Textile, a part of the Paramount Group of companies in Bangladesh, has attained corporate membership in the International Textile Manufacturers Federation (ITMF). The company, which was established in 2006, manufactures a diversified range of dyed yarns and dyed, finished, and printed woven fabrics.

“ITMF is delighted to welcome Paramount Textile as a new corporate member. The decision to join the federation is a clear indication that companies from the entire textile value chain see value in being part of a neutral international platform that provides relevant information as well as a unique international network," Dr. Christian Schindler, director general of ITMF, stated in a press release.

"The ITMF Annual Conference 2022 in Davos, Switzerland, highlighted the importance of discussing emerging trends with experts and colleagues face to face. Meeting old and new friends and colleagues in a relaxed atmosphere outside the regular business environment is helping people to better understand the ongoing dynamics in the global textile industry. Meeting persons from the entire textile value chain—from fibre producers to brands/retailers as well as affiliated industries like textile machinery producers, textile chemical producers, etc provides a wider spectrum of perspectives,” added Schindler.

In 2021, the company exported more than $60 million worth of merchandise worldwide.

Fibre2Fashion News Desk (NB)

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