Yarn is one of the raw materials for export-oriented garments. Badsha Textiles Limited is the country’s leading manufacturer and exporter of yarn from imported cotton. In 2019, the company supplied more than 12.5 million USD worth of yarn to export-oriented garment factories. Despite the prevalence of Covid, the company’s sales did not decrease much than last year.
In 2020, Badsha Textiles exported yarn worth over 11 crores 64 lac USD. In the first seven months of this year, the company has exported 10 crores 24 lakh dollars’ worth of yarn.
Ha-Meem Denim Mills was the top garments product exporter to garment factories in 2019. That year, the company exported about 9.5 million dollars worth of clothes. In 2020, the company’s exports decreased.
Ha-meem denim was exported at a cost of 6.5 million dollar cloths during the pandemic period.
Almost all of the country’s top yarn exporters like Badshah and Ha-Meem are doing good business. In the last two and a half years from the beginning of 2019 to July 2021, such a picture has emerged in the analysis of the statistics of the institutions. The epidemic caused by the coronavirus has been going on for more than a year and a half. According to the Bangladesh Textile Mills Association (BTMA), the owners of the yarn mills were adversely affected at one stage of the onset of the Covid outbreak in 2020. However, in the middle of this year, the big export-oriented industrialists are signaling a positive change in the pace of business.
Concerned parties say The big industrial entrepreneurs of the business have been able to deal with the Covid situation by trying to survive in the disaster mainly due to their business ability. In this case, the big industrialists have shown skills in overall management including procurement strategy, cost reduction, inventory management, and accuracy of the production plan. Besides, additional demand has been created in the international market during the Covid period. As a result, the purchase order is increasing. Again, the effect of the rise in the price of raw materials is also seen in the value of the exported goods. All in all, the liquidity of the yarn-cloth mill owners’ business is now quite good. In terms of financial viability, this is more reflected in the export statistics of large corporations.
Among the BTMA member companies, Badsha Textile has been exporting the most yarn. Badsha Textile Limited was established in 2004 in Bhaluka, Mymensingh. Kamal Yarn, another foundation of Badshah Mia, is also in the top ten. There are over three lakh spindles in these two factories which are one of the largest in the country. Badsha Group of Industries has an annual turnover of 30-40 crore dollars with a daily production capacity of about 265 tons. In all, the number of employees is 26 thousand.
In 2019, the export value of Badsha Mia Kamal Yarn was 9 crore 47 lakh 81 thousand 953 dollars. With this export, Kamal Yarn Limited took second place in the top ten that year. Throughout the year 2020, the company’s exports declined during the Covid period. Exports came down to 6 crore 88 million that year. However, in the seven months of 2021, the company has exported yarn worth 8 crores 33 lakh 36 thousand dollars.
Badsha Textile and Kamal Yarn Director Badsha mia told the press There have been many losses in the first seven-eight months of the Covid period. Cotton prices fall in March-April. Then we were disappointed. Then the situation started to turn around when the purchase orders for clothes started coming back. Of course, the price was not good at that time. Gradually all the stocks of the factory run out. Additional demand has been created in the market after the second flow of Covid. Again, the price of cotton, the main raw material, has gone up in the international market. Overall demand is playing a big role behind the current good of the business as a whole.
After Badsha Textiles, one of the top 10 companies in yarn exports by 2020, there is Square Textiles, the head of Square, one of the largest industrial groups Square and advisor to the former caretaker government. Launched in 1997, the company is listed on the country’s capital market. Production of toiletries as well as textile sector, Square Group, which is invested in the media, has an annual turnover of over Rs 11,000 crore.
In the first year of Pandemic, the export of yarn from Square Textiles was more than in 2019. In 2020, Square exported more than 9 crores 71 lac dollars worth of yarn. And in the first seven months of this year, yarn exports have been more than 7 crore dollars. At this time, Square Textiles is in the fourth position in the top ten.
In 2020, this quarce span was in the third position in the top ten in yarn exports. MSA Spinning is in the fourth position. MSA textile position in this list number six. All three are under AA Holdings. Pahartali Textiles and Hosiery of MM Ispahani Limited, owned by Mirza Ahmed, Mirza Abul Hasan, and Mirza Mahmud, one of the three brothers of the top ten yarn exporters last year in terms of export value. Also on the list are Mukhlesur Rahman’s NRJ Spinning, Mohammad Ali Khokon’s Maksons Spinning and Rafiqul Islam Khan’s Pakija Cotton Spinning Mills Pvt Ltd.
Nice Denim is the first company in the top ten in textile exports by 2020. Entrepreneur Nurul Islam is the chairman and founder of the company under Noman and Saad Group. Nice denim is capable of producing 7 crores 20 lac yards of denim annually. Nice Denim exported clothes worth 7 crores 31 lac dollars in 2019. In 2020, the company exported clothes worth 8 crores 45 lac dollars. The value of exports in the first seven months of this year is 6 crore 96 lac dollars.
Ha-Meem Denim was second only to Nice Denim in the top ten in textile exports in 2020. Not only clothes, the country’s largest garment exporter is also under the main company Ha-Meem Group. The total annual export of the group is 55 crores Dollars. Ha-Meem Denim was second only to Nice Denim in the top ten in textile exports in 2020. Not only clothes, but the country’s largest garment exporter is also under the main company Ha-Meem Group. The total annual export of the group is 55 crores Dollars.
Former Water Resources Minister Anisul Islam Mahmud’s Shasha Denims third position is in the top ten in textile exports last year. Paramount Textile Limited is in the fourth position. Other companies in the top ten of textile exports include Akij Textiles of Sheikh Akij Uddin’s Akij Group, Envoy Textiles of Qutb Uddin, and Abdus Salam Murshedy, Mahmud Denims of AKM Aminul Islam, Amber Denim of Shawkat Aziz Russell’s Amber Group, Silver Composite Textiles and Square Denims.
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