Home / Knowledge / News / Textiles / Deshbandhu to build Bangladesh's first polyester fibre plant
Deshbandhu to build Bangladesh's first polyester fibre plant
14
Sep '15
Bangladeshi conglomerate Deshbandhu Group has teamed up with American technology and engineering solution provider Chemtex to set up the country's first polyester staple fibre plant, according to media reports. When it starts production in 24 months, it is expected to meet 40 per cent of Bangladesh's annual polyester fibre demand.

Polyester staple fibre is a fibre produced from synthetic chemical compounds, which is strong enough to be twisted into yarn similar to natural fibres such as cotton or wool. In other words, it is a substitute for raw cotton.

The plant is projected to cost $100 million and Chemtex will be a strategic partner. Production target has been set at 400 tonnes of polyester staple fibre a day.

Deshbandhu Group expects the factory will help in Bangladesh's efforts to hit $50 billion in garment exports by 2021 as it will reduce the lead-time for manufacturers.

Bangladeshi garment makers need more than three lakh tonnes of polyester staple fibre a year, with the demand fully met through imports. At present, the country imports $480 million worth of polyester staple fibre a year.

Deshbandhu Group is targeting to supply 1.2 lakh tonnes of the fibre to garment factories a year initially, with production ramped up later to facilitate the $50 billion export target.

The raw materials for the plant will be imported from Arabian countries, India, Indonesia and China. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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