Home / Knowledge / News / Textiles / Coats to open state of the art zips factory in Chittagong
Coats to open state of the art zips factory in Chittagong
21
Oct '14
Coats, one of the leading industrial thread and consumer textile crafts companies, has announced the opening of a state-of-the-art zips factory in Chittagong, on the eve of completing 25 years of operations in Bangladesh.

The new zips factory will open by 2015 and is being established in response to the growing demand from global consumer apparel manufacturing brands in Bangladesh. The new factory will create over 100 new jobs locally, and over time, will manufacture the full offering of zips, the company said in a statement.

Paul Forman, the CEO of Coats said, “Coats is extremely proud of its world class operation in Bangladesh and the support and relationship with our joint venture partner. Our business has seen significant growth and development, particularly in the last few years, and the opening of our new world class zips factory is a demonstration of our commitment to an ever-growing presence here.”

The event to celebrate the completion of Coats’ 25 years in Bangladesh was attended by over 400 customers and suppliers. The event also marked the highly successful joint venture of Coats with AK Khan Group, a leading industrial powerhouse and a major contributor to the national economy of Bangladesh.

The highly successful joint venture between Coats and the AK Khan Group have continued to increase capacity to manufacture an ever increasing and diverse range of products to supply both the growing requirement of Bangladesh and global exports.

At the event, Paul Forman discussed the market dynamics driven by the longer term ‘mega trend’ of the growth of the Asian middle class, as the Asia-Pacific region moves from being primarily a manufacturing base to the world’s largest consumer market.

He also covered key influences on the sector going forward that included cost inflation and productivity, time and speed as the basis for competitive success, and the use of digital technologies to drive efficiencies in the supply chain.

The readymade garment (RMG) industry has been the mainstay of Bangladesh’s economic growth. By 2004, garment exports had grown to US$ 6.4 billion and the RMG sector employed 2 million people. This year exports are expected to reach over $25 billion and employment will reach over 4 million people. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
March 2017

March 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