Home / Knowledge / News / Textiles / BJMC runs into heavy loss with labor & power problems
BJMC runs into heavy loss with labor & power problems
30
May '08
Bangladesh Jute Mills Corporation (BJMC) is trying hard to combat the grave challenges posed by labor unrest and power failure.

Huge losses amounting to Tk1000 million has been caused in the first nine months of this fiscal year by such disrupting circumstances.

The total loss in terms of production was slated at 21,046 tons of jute while lay-off and strike led to a reduction of 12,129 tons in production. This apart, there was a cut of 8,516 tons in output due to power disruption and of 401 tons due o labor disputes.

Loss in terms of monetary value was calculated to be somewhere around Tk989 million on the basis of the selling price of this year.

Earning from export of 102,069 tons of jute goods fetched Tk3790 million while local consumption contributed to the revenue by Tk500 million. This was against Tk4385 million and Tk 770 million procured in the last fiscal year.

The BJMC is still receiving huge orders from India, China and some other African countries for purchasing jute goods, but keeping the present situation under consideration, the association is finding it impossible to meet these growing demands.

At present BJMC is struggling to get loans for installing power generators at the mill but unless the Government does something about it, the situation is likely to remain grim.

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Neel Sawhney
One Friday

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

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

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

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