Home / Knowledge / News / Textiles / Sundarban Textile Mill posts quick turnaround
Sundarban Textile Mill posts quick turnaround
16
Jun '11
A textile mill restarted in August 2010, due to the initiative of the current government in Bangladesh, has within 10 months, started generating profits.

Sundarban Textile Mills was started in 1983 and within 10 years, went on to become one of the most profitable mills in Bangladesh. In 1994, it established another unit. However after a few years, the mill started to incur losses due to mismanagement and wrong decisions.

In 1997, the government decided to run the mill on a job-work basis. The mill continued to run on this model for a period of 10 more years. However, in July 2007, the mill offered voluntary retirement to all its workers.

Restarted, once again in August 2010, the main unit has already started making profits, while the other unit will start generating profits within a few months.

Providing details to fibre2fashion, Mr Abdul Hanan, General Manager - Sundarban Textile Mills said, “The mills were closed down in November 2008 and restarted in August 2010. Before November 2008, the government had given the mills to a contractor to run them according to an agreement, the expiry of which led to the shutting down of the mills”.

He continued by saying, “Now the new government has helped to restart the mills after almost two years, after it closed down. The company owns two mills, one of which is running profitably while the other will be making profits soon. Around 1,000 jobs have been generated by restarting the mills. The mills are owned and run by the government now”.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Steve Cole
Xerium Technologies

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

Kevin Nelson
TissueGen

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

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

Wendell Rodricks
Wendell Rodricks

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

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:
April 2017

April 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



X