One of the foremost Bangladeshi readymade garment (RMG) exporters DBL Group is going to invest in Vietnam to set up a thread factory. As numerous brands and retailers have chosen DBL’s product to stitch clothes.
DBL Group has a plan to start operating the Vietnam factory within the next two or three years.
DBL Group’s Managing Director MA Jabbar said to media, “We will invest in Vietnam to produce our branded sewing thread Eco-Thread as our buyers are demanding for supplying more thread to them and nominated our sewing thread.”
MA Jabbar added, “We are already supplying a lot of sewing thread to many international retailers and brands.”
The group “Setting up a sewing thread factory is one kind of a support for our buyers as many US and EU buyers are sourcing from Vietnamese garment factories,” said Jabbar.
At present, DBL is a leading sewing thread manufacturer making 10 tons of sewing thread daily.
Jabbar added that DBL Group is expecting a 25% increase in RMG export earnings in 2022. And the group exported $480 million worth of apparel items in 2021.