test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Industry News | Time:Apr 21 2017 8:05AM
Bangladesh's apparel exporter Esquire Knit mulls business expansion
 
Text size
Esquire Knit Composite, one of the leading apparel exporters of Bangladesh, is planning to invest BDT 576 crore in business expansion. Of the amount, BDT 340 crore will come from local and foreign loans, while BDT 86 crore will come from the company’s own funds and the rest BDT 150 crore from the capital market, a company official informed.

The company will use ‘book building method’ to raise BDT 150 crore from the capital market. Book building is a process through which an issuer attempts to determine the price to offer for its security, based on demand from institutional investors. The apparel supplier even organized a roadshow in Dhaka, the capital city of Bangladesh, on 18 April as part of its Initial Public Offering (IPO) plan.

As contacted over phone, Arifur Rahman, one of the Directors of the company, told Apparel Resources: “We need to expand our business to meet the growing demands of our existing clients.” With these funds, the readymade garment exporter will set up new unit at Mymensingh and expand its existing unit at Narayanganj.

C&A, Zara, Esprit, Only, Tee Jays, Fynch-Hatton and Hunkemoller are some of the international apparel buyers of Esquire Knit.

Source: APPAREL RESOURCES
Related Articles
Adhoc: Lenzing and Duratex plan to build 450,000 t dissolving wood
Anhui Huamao's 0.15 million spindle project starts operation
IVL to acquire Egypt based EIPET
Jigao Chemical Fiber signs continuous spinning VFY technical revamp
Grasim Industries achieves Gold Level Material Health Certification
Tongkun and Baosteel Gases signs agreement for 1.2 mmtpa
Octal PET resin line declares force majeure
Global Viscose Producer, Sateri, Completes Independent Verification
Lenzing invests in new capacities for TENCEL™ Luxe
Grasim announces results for the quarter and year ended 31 March
 
Research
Brief analysis of annual reports of some listed companies ...
Nylon and polyester markets in reverse trend
 
 

浙公网安备 33010902000742号