STOLL's Bangladesh branch helps in textile development

24 Mar '18

2 min read

H. Stoll AG & Co. KG, the leading manufacturer of flat knitting machines headquartered in Reutlingen, Germany, has announced that the company’s Bangladesh branch, which opened last year, is contributing significantly to the country’s textile development. The Bangladesh site is located in the centre of the Asian market for textile production.

Stoll CEO, Thomas Hoffmann, is working with more than 40 employees in Bangladesh to expand its direct support of customers and partners in the region. With more than 5,000 textile factories, the country is one of the leading exporters of clothing. Textiles are the country’s most important industry economically, accounting for a large part of the gross domestic product, providing many jobs.

Andreas Schellhammer, CEO of H. Stoll AG & Co. KG said, “Bangladesh is currently one of our most important markets, offering above-average growth and large-scale production particularly in the area of basics. With our direct presence in the region, we want to contribute to the long-term success of our customers. Stoll delivered around 1,500 machines in 2016 and well over 2,000 the following year, with sales increasing by more than 40 per cent.”

Thomas Hoffmann, CEO of Stoll Bangladesh said, “The market is 100 per cent focused on export. With our new site in Bangladesh, we can provide our customers in the region with comprehensive support in all matters.’” (GK)

Fibre2Fashion News Desk – India

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