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Printing sector needs ‘proper cost calculation’ and a ‘standard price policy’ to minimize loss

The All-Over Printing Technologists of Bangladesh (AOPTB) has organized a live zoom seminar on “Market Analysis of Knit Fabrics Printing Cost.

All-Over Printing (AOP) is a very popular part of all types of apparel, especially knit products. AOP started in the Bangladesh garment industry in the 1980s. Now AOPs are running about 135+ factories in Bangladesh. Bangladesh has created a powerful position in AOP international market and gained the skill to compete with any other country within the world.

Printing sector needs ‘proper cost calculation’ and a ‘standard price policy’ to minimize loss
Figure: The All-Over Printing Technologists of Bangladesh (AOPTB) has organized a live zoom seminar on “Market Analysis of Knit Fabrics Printing Cost.

The demand for AOP is increasing day by day. Currently, Bangladesh is doing approximately 12,000 MT/month AOP, which consists of various types of printing like Pigment, Discharge, Reactive, Disperse, Glitter, etc.

But unfortunately with the increasing demand for AOP, the printing costs are getting unstable day by day. This is a very alarming issue for this sector. This put the exporters in a sticky situation. Because of debt-equity ratio is unjustified for many of the factories, so they are under pressure with high financial costs.

Besides, extreme buyer pressure and a load of unplanned high capacity, factories are keeping a high percentage of negative margin orders which are taking the factories to the dire loss situation.

The absence of strategic sales planning and lack of loyalty and technical knowledge among the sales team are causing this unstable printing cost.

To get rid of this situation on 16th March 2022 All Over Printing Technologists of Bangladesh (AOPTB) has organized a live zoom seminar on “Market Analysis of Knit Fabrics Printing Cost” presided by Engr. S M Abdur Rahman, President, AOPTB; GM, Unifill Tex BD Group, moderated by Abul Bashar, Vice President, AOPTB; DGM, Sawftex LTD, coordinated by MD Shawkat Hossain Sohel (General Secretary, AOPTB; Manager CAD, Unifill Composite Dyeing Mills LTD.

Distinguished figures of countries’ AOP sector gathered on this zoom session. Engr. Salahuddin Repon, Advisor, AOPTB; GM, GMS Composite Knitting Ind. Ltd presented the keynote on unstable printing cost and later distinguished experts also discussed that.

Engr. S M Abdur Rahman set the tone of the program in his introductory speech. He pointed out, “AOP is a growing demand-able sector but we are facing challenges. Especially, the factories doing job-work are facing more challenges to grab an order. Before reaching the no turning point, we need to rectify the factors that are causing this unstable printing price.”

All the guests discussed their opinion and factors where all they agreed that factories need to maintain a ‘Standard Price’ policy to get rid of this situation.

Many people have a huge lack of knowledge about costing calculation considering the current price hike of dyes, chemicals, screens, and other things which is now a global issue due to the Russia-Ukraine war.

Then Engr. Salahuddin Repon briefly discussed the costing calculation of AOP.

Factors that need to be considered for costing calculation: There are some major factors which need to be considered during printing costing calculation. They are:

  1. Order quantity
  2. Printing style
  3. Number of colors
  4. Color coverage
  5. Dyes and chemicals cost per kg of fabric
  6. Operation cost
  7. Overhead cost
  8. Machine depreciation cost
  9. Miscellaneous
  10. Profit

There is a huge lack of knowledge about printing costing. If we can remove the ignorance by conducting session on ‘Training on Printing Costing’ then it will automatically come to a minimum standard price gradually.

Engr. S M Abdur Rahman has declared that very soon AOPTB will generate an offline training session on ‘Printing Costing’.

“So that step by step, we can come to a standard price. Then the AOP sector and the lives depending on this sector can breathe with ease and Bangladesh will be the top contributor of the international printing market.”

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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