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
Borregaard: LignoTech Ibérica
Rayonier Advanced Materials completes $870 million acquisition
Hengli Petrochemical to use Honeywell advanced flare and burner
Big Events for China viscose industry in 2017
Sweden may rope in Birlas for joint project on smart textiles
Sappi delivers robust full year and 4th quarter results based on
Lenzing Group with substantial earnings increase in the first nine
Weyerhaeuser names Devin Stockfish senior vice president,
Grasim Industries Q2 profit drops 38%, but standalone business
Tembec Announces Preliminary Results of Consideration Elections in
 
Research
Development of nylon 6 flat filament market
China's coal-based MEG market in 2017
Brief introduction of VSF overseas markets
China cotton yarn market pattern analysis
Sales&production of Indian, Pakistani and Vietnamese cotton ...
 
 

浙公网安备 33010902000742号