Home / Knowledge / News / Apparel/Garments / CPAT to produce fabrics & garments in Bangladesh
CPAT to produce fabrics & garments in Bangladesh
03
Dec '08
FAST RETAILING CO LTD and three other partners have reached an agreement to establish a joint venture company, CPAT (SINGAPORE) PRIVATE LTD, with the aim of fabric and garment manufacturing in the People's Republic of Bangladesh. Chinese firms Pacific Textiles Holdings Limited and Crystal International Limited are to join the venture along with Ananta Group of Bangladesh.

While UNIQLO is currently developing its global operation, approximately 90% of all UNIQLO products continue to be manufactured in China. In line with our increasingly global store network, we seek also to globalize our manufacturing structure. To that aim, as our UNIQLO operation grows and expands worldwide, we will be looking to locate approximately one third of total production in countries outside of China.

The manufacturing partners that support production of our high quality UNIQLO products are all extremely capable companies. As UNIQLO operations expand, likewise the expansion of production bases for our partner companies will be a key management issue going forward. We believe that supporting the global development of each partner will ultimately contribute positively to the globalization of FAST RETAILING itself. The agreement for this latest joint venture is a direct result of this strategy.

The new joint venture company CPAT will be expected to conduct manufacturing activities and set up both Fabric manufacturing and garment manufacturing plants in Bangladesh. We also reached a separate agreement today to set up a joint venture between Chinese firm Bros Eastern Company Ltd. and CPAT with the aim of establishing a spinning plant in Bangladesh.

The CPAT joint venture company

Company name : CPAT (SINGAPORE) PRIVATE LTD.
Location : Republic of Singapore
Main business areas : Operation of apparel-related production plants in Bangladesh
Total capital : 80 million US dollars (combined total for four companies)
FR investment total : 8 million US dollars(10% investment ratio)
Establish company : January, 2009 (tentative)
Open for business : By end 2009 (tentative)

FR partner companies in Bangladesh venture

1 Pacific Textiles Holdings Limited - The group of companies spearheaded by Pacific Textiles Holdings Limited manufactures fiber for knitwear products with production bases in China and Sri Lanka. The firm provides extensive, high value-added fiber for a broad range of products. The company has recently been successfully diversifying into non-apparel end markets providing fabric for automobiles, etc. The firm also successfully listed on the Hong Kong Stock Exchange in May 2007.

The Pacific Group boasted net sales of 4,280 million Hong Kong dollars in FY2007.

2 Crystal International Limited - The group of companies spearheaded by Crystal International Limited manufactures garment and is developing an increasingly global presence. With an annual manufacturing capacity of 200 million units, Crystal supplies UNIQLO and many of the world's famous fashion brands including M&S and GAP.


Must ReadView All

Pic: Alizila

Apparel/Garments | On 24th Mar 2019

Barclaycard and Alipay become partners

UK-based Barclaycard and Alipay have become partners which will allow ...

Pic: True Fit

Apparel/Garments | On 24th Mar 2019

True Fit to reach 100 million registered users mark

True Fit, the data-driven platform that made the industry's Fashion...

Pic: Ecutopia

Information Technology | On 24th Mar 2019

Ecutopia & Jesta form supply chain optimising platform

Ecutopia, a powerful platform that enables collaborative trade and...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


March 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search