Bangladesh’s apparel exporter Esquire Knit mulls business expansion l Apparel News Bangladesh
Home » News » Apparel Exporters News » Bangladeshs Apparel Exporter Esquire Knit Mulls Business Expansion

Bangladesh’s apparel exporter Esquire Knit mulls business expansion

Share: 
      Newsletter

READ MORE ON Apparel BuyersBangladesh Apparel ExporterExpansionGrowth Strategies

Bangladesh Garment Factory

Image Courtesy: huffpost.com

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.

Also ReadMAS Holdings to open its first manufacturing & development centre in US

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.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Triton Textiles taps WFX as global technology partner

40-year-old Triton Textiles, a garment exporter based in China, has opted for WFX Cloud ERP to modernize its business operations and gain flexibility...

Silver Spark Apparel Ethiopia now operational!

Silver Spark Apparel Ethiopia, a wholly-owned subsidiary of Raymond, India-based textile and apparel conglomerate, has cut the ribbons of its Greenfield garment manufacturing facility...

Prabhakar Overseas looking to explore new segments

Based in Noida, UP, India, garment exporter Prabhakar Overseas Group also has an office in California too. It is now planning to explore some good opportunities in ethnic wear, footwear...

Indian T&C industry needs more knowledge sharing sessions

Garment and textile industry of India has urged the Government to conduct more knowledge sharing programmes. To drive growth, increase technical potential and...

Versatile Clothing Company opts for Speed Step’s Design Suite

Tirupur (India)-based Versatile Clothing Company, a leading manufacturer of cotton knitted hosiery garments, has decided to implement Speed Step’s Design application bundle. Intuitive and easy...

Strawberry Clothings exploring opportunities in Canadian market

Noida (India)-based apparel exporter Strawberry Clothings (a unit of Shatabadi Exports) is exploring new markets, improving its work culture and increasing...

Pan Brothers to set up new factories

Indonesia-based textile and garment exporter Pan Brothers has announced an investment plan of US $ 35-37 million for 2017. “US $ 30 million...

TEA explores possibilities to set up garmenting units in Odisha (India)

Garment manufacturers in the nearby areas of Tirupur (India) are exploring more investment opportunities to set up new manufacturing units in Odisha. A...

CTA Apparels seeks to increase fabric sourcing

Noida (India)-based garment manufacturer and exporter, CTA Apparels Pvt. Ltd., is geared up to increase its fabric manufacturing capacity through its vertically integrated textile mill. Currently, the company is producing...