DBL Group gears up for Srihatta textile production by November

DBL Group, a leading apparel exporter in the country, plans to commence commercial production at its greenfield cotton yarn spinning mill in the Srihatta Economic Zone in Moulvibazar by November. As part of its investment plans, the group has constructed a world-class textile mill named “Jinnat Textile Mills Ltd”. It is designed to produce fine cotton yarn and rotor yarn, catering to the diverse needs of the textile industry, with a daily capacity of 43.5 tonnes. Investment is estimated to be around $83.35 million, with an expected annual revenue of $70 million. According to the top management, the business conglomerate will initiate operations in its nine other units, spanning various sectors in the economic zone, within the next two years. The group is investing approximately $650 million to establish the factories at DBL Industrial Park, which is currently being developed within the economic zone. According to the company, the industrial park, which is being established on 167.6 acres of land, is expected to generate employment for 5,630 people. The products to be manufactured in the industrial park span various industries, including textiles, spinning, recycled polyester, ceramic tiles, sanitary ware, ceramic frit, floral glass, glass processing, dry mortar, and faucet units. The recycled polyester unit will produce 18 tonnes of staple fibre per day as raw material for the spinning factory.

Source: https://www.tbsnews.net/economy/rmg/dbl-gears-srihatta-textile-production-nov-691310

Top cement makers shifting to eco-friendly production

Bangladesh’s major cement manufacturers are increasingly shifting to eco-friendly production processes with a view to cutting energy consumption and pollution and ensuring the sustainability of their business in a world that is getting more worried about industries’ carbon footprint. As part of their green transformation, the mills have replaced their traditional ball mills (TBMs) with sophisticated vertical roller mill (VRM) and roller press (RP) equipment. The roller press is an equipment applied to grind clinker, gypsum, coal, quartz sand, iron ore, blast furnace slag, and other materials. In Bangladesh, there are 37 active cement factories, with a total annual production capacity of 58 million tonnes against a demand of 35 million tonnes.

Source: https://www.thedailystar.net/business/economy/news/top-cement-makers-shifting-eco-friendly-production-3406406

Bangladesh is the biggest cotton apparel exporter to UK

Bangladesh is the largest cotton-based apparel exporter to the United Kingdom, grabbing over 21 per cent of its market share in that particular category, according to a latest study report. In 2021, Bangladesh exported cotton-based garment worth $1.95 billion having 21.9-per cent UK market share. On the other hand, China’s market share was 10.2 per cent with $0.91-billion worth of exports. Bangladesh is likely to earn $11 billion from ready-made garment (RMG) and $1.3 billion from non-RMG exports to the UK by 2030. Study projected that Bangladesh’s apparel exports to the UK would reach $11 billion and non-RMG exports, now only $0.7 billion, reach $1.3 billion by 2030. Under the new scheme, Bangladesh as an LDC enjoys duty-free market access through the DCTS Comprehensive Preferences. Even after its graduation in 2026, the country will continue to enjoy the same LDC benefit for another three years until 2029.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bd-biggest-cotton-apparel-exporter-to-uk-study-1693326317