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AMANN sets up a JV with STANDARD GROUP
16 Sep '10
2 min read
The German based AMANN GROUP and STANDARD GROUP of Bangladesh signed a joint venture contract to establish AMANN Bangladesh Limited effective from September 15th 2010.
The new joint venture company AMANN Bangladesh Limited will produce and sell high quality sewing threads based on German Quality Standards. The construction work for a new, fully integrated production site in Mawna, Gazipur with a capacity of 3000 tons a year will start in January 2011.
In mid 2012 the new facility will be ready to supply the local market with high quality sewing threads especially for the apparel and the shoe/leather sector. An ambitious and customer oriented sales team will be set up in the course of next months.
With this future-oriented investment in Bangladesh, the AMANN GROUP develops one of the most potential and rising markets for textile industry and further expands its presence in the growth markets of Asia.
Founded in 1854 the AMANN GROUP is one of the most experienced major producers of high quality sewing and embroidery threads world-wide. The international customer portfolio includes companies from men`s and ladies wear, shoe and leather industry, home textiles, automotive industry and high sophisticated technical applications.
The privately owned STANDARD GROUP is one of the leading group companies in Bangladesh involved in multiple businesses including construction, real estate, insurance,
garment manufacturing, trading and others. In the garment manufacturing division, it employs more than 35,000 employees and annually produces over 40 million pieces of garments for major global brands.
The new joint venture company AMANN Bangladesh Limited will produce and sell high quality sewing threads based on German Quality Standards. The construction work for a new, fully integrated production site in Mawna, Gazipur with a capacity of 3000 tons a year will start in January 2011.
In mid 2012 the new facility will be ready to supply the local market with high quality sewing threads especially for the apparel and the shoe/leather sector. An ambitious and customer oriented sales team will be set up in the course of next months.
With this future-oriented investment in Bangladesh, the AMANN GROUP develops one of the most potential and rising markets for textile industry and further expands its presence in the growth markets of Asia.
Founded in 1854 the AMANN GROUP is one of the most experienced major producers of high quality sewing and embroidery threads world-wide. The international customer portfolio includes companies from men`s and ladies wear, shoe and leather industry, home textiles, automotive industry and high sophisticated technical applications.
The privately owned STANDARD GROUP is one of the leading group companies in Bangladesh involved in multiple businesses including construction, real estate, insurance,
garment manufacturing, trading and others. In the garment manufacturing division, it employs more than 35,000 employees and annually produces over 40 million pieces of garments for major global brands.
AMANN GROUP
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