MK Sweaters, a Bangladesh-based export house set up in 2003 by Md. Salim Rana, Chairman and Russell Rana, Executive Director of the company, has created unique blends of spandex, acrylic and nylon fabric blend to differentiate the products. The company has 1,100 hand flat knitting machines with a monthly capacity of 50,000 to 60,000 finished products/sweaters at two factories, MK Sweaters and Fashions Designs.
Currently, one of the biggest issues affecting growth at MK Sweaters is labour, as they prefer to work with job workers due to daily payment, thus complicating the situation for the company, which follows all compliance norms. The company intends to address the labour problem by installing around 40 SHIMA SEIKI machines over the next few years. These automatic jacquard machines are operated by skilled workers, who generally abstain from working with the job workers, hence letting the production run smoothly under one roof. In the meanwhile, the factory is committed to take proper initiative towards worker welfare complying with the norms of BSCI, ILO, BUET and the likes.
The company has recently added high-end knitted jackets in varied designs and fabric blends to their product profile and is looking to buy another piece of property to pursue their current plan for expansion, as they are very positive of developing knitted jackets as an important category of the growth strategy. “Based on the response we have received, I think jackets will do very well in the future. We just started this year and learnt a lot, so we are hoping for better things next year,” underlines Russell.