The Meghna Team is taking part with Turkey’s renowned Tam Hangers to trust plastic garment hangers for export to outlets worldwide.
In Bangladesh, this collaboration operates beneath the name Tam Hangers Bangladesh Small, with 51% possession held by Tam Hangers and 49% by Meghna Team.
A brand new facility in Mirzapur, Tangail, started trial manufacturing on 4 October, using 16 machines, every able to producing 30,000 hangers a day. The flexibility plans to magnify to 40 machines with a total funding of $7.5 million, creating roughly 500 jobs.
Md Shahidullah Shahid, head of World Commerce Trend at Meghna Team, said they’ll continue trial manufacturing for 3 months.
Apart from producing new hangers, the firm is recycling worn ones sourced from international to make new products, thus reusing raw materials for virgin manufacturing.
Tam Hangers is a leading dealer of hangers to global producers and operates in over 50 international locations, including the UK, China, Germany, Italy, India, and Australia.
In step with the firm’s web draw, Tam Hangers has been keen in the manufacturing and gross sales of hangers since 1972, serving the worldwide textile and apparel market.
Paul Williams, co-CEO of Tam Hangers, attended the factory’s opening ceremony alongside totally different directors from the Meghna Team.
Shahid said their three-storey factory currently occupies two acres, with an funding of $3 million to this level. Located at some level of the 34-acre Meghna Industrial Park, the skill is determined to magnify to 5 experiences.
“After an audit, we can launch shipping on to outlets, while the products made at some level of this duration will be kept,” he added.
He said the factory is dedicated to sustainable manufacturing practices, noting that it might perhaps most likely employ recycled materials and operate entirely on solar energy, with an preliminary 500-kilowatt solar setup in notify.
Shahid furthermore said they have gotten been nominated as a dealer of hangers for global producers, including Marks & Spencer and H&M.
“These producers possess garments from Bangladesh, and the companies supplying products to them will source hangers from us,” he added.
“On the opposite hand, we can furthermore export products presently,” Shahid said, stating that the new facility is found shut to Meghna Team’s factory, which manufactures plastic buttons, labels, and totally different garment accessories.
In step with the Bangladesh Garments Equipment and Packaging Manufacturers and Exporters Association, there are about 1,800 packaging and accessory manufacturing gadgets, essentially positioned in Gazipur, Narayanganj, and Tangail.
These factories trust over 40 sorts of products—including buttons, plastic hangers, polybags, labels, zippers, and thread—contributing roughly $8.22 billion (deemed and teach) in earnings for the nation at some level of the 2022-23 fiscal 365 days, with about $1 billion coming from teach exports.
The affiliation’s adviser Md Moazzem Hossain Moti told TBS that teach hanger exports earned $30 million for Bangladesh closing 365 days, including that foreign funding will further enhance the exchange.
Referring to the sustainability of the project, Shaidullah Shahid said Bangladesh wants a round economy to total sustainable financial building amid global local weather dangers. World producers are furthermore encouraging producers to focal level more on recycling in their manufacturing processes.
At the Bangladesh Commerce Summit 2023, H&M Team’s Stakeholder Engagement and Public Affairs Supervisor Faisal Rabbi said recycled materials and decarbonisation will be fundamental for the ready-made garments sector, as these might perhaps quickly be requirements for market entry in the European Union.
The backward linkage exchange in Bangladesh offers 90% of the fundamental accessories for export-oriented garments, positioning it as a most likely hub for assembly global market ask of.
