INSIGHTS
- Faruque Hassan discussed investment prospects in high value-added and non-cotton textiles sector with vice president of Hyosung Corporation.
- Discussion centred on possible technical partnerships between Hyosung Corporation and Bangladeshi companies, aiming to bolster garment production capabilities with nylon, polyester yarns, and spandex fabrics.
The president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan, recently engaged in discussions regarding investment opportunities in Bangladesh’s high value-added and non-cotton textiles sector during a meeting with JG Lim, vice president at Hyosung Corporation.
The meeting held in Dhaka, welcomed LG Lim, who was accompanied by Noh Chy Chy Woo, country head, and Md. Akter Hossain, business development manager of Hyosung Corporation.
The aim was to explore investment potential in Bangladesh and avenues for mutual trade benefits.
This visit reciprocated a prior delegation trip led by the BGMEA president to Hyosung Corporation in October of the previous year.
Discussions revolved around potential technical collaborations between Hyosung Corporation and Bangladeshi firms, with a focus on enhancing garment manufacturing capacity using nylon, polyester yarns, and spandex fabrics.
Faruque Hassan emphasised the industry’s interest in diversifying into non-cotton products, particularly high-value fashion items based on manmade fibres and technical textiles.
Hyosung Corporation, renowned for its high-quality fibre products such as creora, spandex yarn, aerocool and askin, polyester, and nylon yarn, presents a significant potential partner for Bangladesh’s textile industry.
The discussions underscored mutual interest in exploring investment avenues and fostering collaboration to capitalise on Bangladesh textile sector’s growth potential.
Source: https://www.fibre2fashion.com/