Noman Group kept its first footstep in textile field over half a century ago. How do you evaluate its presence in this field?
Noman Group is a reputed vertically integrated Textile group in Bangladesh. Our Group started its journey with a vision of establishing itself as the largest textile manufacturer in the world, and today, with continuous efforts to grow in this sector rapidly, it has carved recognition not only in Bangladesh but spanning worldwide markets.
Delegation of authority, humble leadership, vigilant management and persistence in quality, are the core pillars to Group’s success. Maintaining quality and state-of- art manufacturing, our Group introduces itself as the largest manufacturer in the field of Spinning, Weaving, Dyeing & printing processing and Stitching.
Contribution to grow the National economy and employment in vast way is the mission of the Group. As a result Zaber & Zubair Fabrics Ltd (Sister Concern of Noman Group) achieved National Export Gold trophy in the Fiscal year of 2006-2007 and 2007 to 2008 as highest exporter in Bangladesh and the number of employment rose to 40,000 till now.
In Spinning sector Noman Group has highest capacity with 463,600 spindles manufacturing from 8/s to 80/s counts both in carded and combed form supporting both local and export market including knitting and hosiery sectors. With the highest capacity of woven fabrics Noman group is contributing in the sector of Home textile and garments and apparel areas. In Home textile sector Noman Group is the largest in Asia and one of the biggest in the world, exporting in Europe and North America generally, recognized by the Big high-street and supermarkets like H&M,M&S, C&A, IKEA, Wal-Mart, Asda, Carrefour, Tesco, Aldi, Lidl (Germany), Jysk(Denmark) and others. As Warp knitting manufacturer (Mosquito curtains and mesh fabrics) also Noman Group is largest in Asia. In Apparel, we are continuously increasing capacity of producing Twill, Poplin, Canvas and Yarn Dyed Fabrics. Continuous innovations to pace with time help us maintain contemporary products on shelf. Shortly we are coming up with new product line in fiscal year 2011 investing in Denim, Towel and Jersey knitted fabrics.
Walking under light of our Mission Statement -“Quality First, and rests are the consequences”, we, since years, have been achieving performances that the world appreciates.
Can you bring out about crucial movements in your segment, currently?
Time is not that favourable due to volatile cotton and PSF (Polyester Staple fiber) and Petroleum products. The world recession put this sector in big trouble. There are several complications created thereon in both RMG sector and textile. In Textile cotton and polyester fiber contribute 55-60 percent in end product. So whenever it increases, it impacts a lot.
Cotton prices increased significantly in last two years as result manufacturers suffered and struggled a lot. Cotton price raised but retailers/end-customers were not willing to take hike in their buying prices. Last 2 years was crucial time for the manufacturers as they did not get the good prices from the buyers, however, some signs of recovery are also sighted.
To fight the situation, we have framed some strategies. Cost minimization in different areas of production, going for value added product, product diversification, segmenting the product, new markets, and development of new products offering better margins, are several strategies taken.
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