Tafrid Cotton Mills Ltd. – a textile spinning mill situated in Bhaluka, Mymensingh – stands out for its excellence not only in diversified spinning yarn but also in various other aspects.
Based on the annual turnover, regular revenue deposit, domestic raw material use, export income and production of import alternatives, labor training and welfare measures, this industry has claimed its position as the best in medium category industry in President’s Industrial Development Award 2018.
Under a 100-point evaluation system, Tafrid Cotton scored the highest and received the prestigious award recently.
Recently Team Textile Today visited their Bhaluka, Mymensingh factory and met with one of the renowned spinning experts Md. Shahinul Haque who is leading the company as Director (Operations). Md Shahin graduated from BUTEX and already served the spinning industry for more than two & half decades.
In the conversation with Team Textile Today, he has shared his experience and the secret stories of Tafrid success. Here is a glimpse of the discussion.
One of the fastest-growing medium category factory
Coming into existence in 2014, Tafrid Cotton has become a successful medium category business and gained a strong position in the spinning world only within 6 years. The group has 4000 full-time employees which is a remarkable number for such a medium category business.
With 76,000 spindle capacity of the group, this second-generation industry is producing over 100 MT yarn per month for the world leading brands. With a diverse range of products and bold work ethic, this spinning mill is thriving to take over the sections of the yarn market that is the least explored by others.
Proper selection of cotton
Tafrid Cotton produces top-notch yarn to support the knitting industry. That’s why they need to select the knitting suitable fibers. As their sister concern is Dhaka Cotton, which is inexorably intertwined with cotton trading, they get a competitive advantage with the vast knowledge and the latest information of cotton parameters which help them to source the best cotton at the right time for achieving the best quality with the lowest cost.
Tafrid sources more than 45% cotton from the USA, 30% from West Africa and the rest from Brazil and India. Proper selection of cotton gave them a jump start at their beginning and still, this is one of their best strengths.
Market and product diversification
Market & product diversification is one of the key strength of Tafrid. “We know how to make yarn competently and how to do proper marketing. We do marketing at those points where others can’t. We choose to market those products that others don’t produce”, said by Md Shahin. The special yarn that Tafrid produces is carded compact yarn. According to Md Shahin, this product is not produced by many and Tafrid Cotton exploits this opportunity to market their product.
Other yarns that Tafrid produces are slub yarn, ring denim yarn (7-16 Ne). They also create yarns for weaving like fine count, 40 count compact, etc.
High-tech machineries for optimum outcome
Tafrid Cotton Mills Ltd. has high-capacity machines. Their Blow room, Carding machines are high tech and their carding machine’s capacity is 100 kg/hr which is at least twice as much as ordinary carding machines.
By using automation to transport products from simplex to ring frame machine, Tafrid has reduced the involvement of manpower from 30-40% which also gives them a competitive edge in time and cost reduction.
All the above-mentioned factors are the strengths of Tafrid Cotton Mills Ltd. which are helping them to excel in business from the very beginning and allowed them to take place in the prestigious President’s Industrial Development Award 2018.
In the conversation with Md Shahin, he also added his thoughts about the challenges that are being imposed by the skyrocketing price of cotton and his suggestions about the new entrepreneurs who want to enter into the world of spinning.
Suggestions for new entrepreneurs
Md Shahin said, “Now it’s 2021. If someone wants to enter into the spinning industry, he needs to sustain till 2050 because the spinning industry is huge; at least 300-400 crore BDT is needed as an initial investment. So, he will have to plan in such a way that his machineries are state of the art and can sustain through the change of time.”
“There’s no scope of planning a business with the outdated machine set-up. Now new challenges are coming all the time- change in the global economy, fashion, disruption in the supply chain. A new entrepreneur will have to keep the courage to face all these challenges and overcome them,” Haque added.
Challenges that existing spinners are facing and the way to overcome
Regarding Challenges, Md Shahin stressed that “In the spinning industry, profit percentage margin is very low. In Bangladesh, 420 spinning mills are currently running. So, if we can’t come up with new concepts and keep continuing our production based on spinning cotton-based products, we won’t be able to increase our profit percentage margin.”
“That’s why, we need to make multidimensional spinning mills and make special yarns so that we don’t have to import them from India, China, or other countries. We need to fill up this void; the ones who will be able to take ventures in such diversifications, will sustain in the long term,” he added.