Maksons Group, a dominant force in the textile sector of Bangladesh, is creating waves with two significant investments that add up to BDT 5.5 billion. With this calculated action, the company will be better positioned to meet changing consumer needs and maintain its position as a market leader. The Maksons Group is ready to break new ground in the textile manufacturing industry because to its long history of innovation and quality.
Founded on September 25, 2003, Maksons Spinning Mills Limited was a trailblazer in Bangladesh’s spinning sector. On January 25, 2005, the company changed its status to Public Limited Company. With 100,680 spindles, the company’s state-of-the-art facility is furnished with machinery from leading worldwide manufacturers like Japan, China, India, Italy, the USA, Germany, Switzerland, and Taiwan. Maksons produces a comprehensive range of yarns, including 100% Cotton Yarn, Organic Yarn, Combed Yarn, Supima Yarn, and premium Compact Yarn, with an annual manufacturing capacity of 21.25 million kgs.
In the Ready-Made Garments (RMG) value chain, the spinning sub-sector is essential for cost containment and supply chain stability. This industry creates a wide range of yarns, such as blended, cotton, polyester, synthetic, woolen, and woolen blends, which are necessary for knitting, hosiery, handlooms, and the weaving of specialty textiles. As a result of the expansion of apparel exports, particularly following the 2005 phase-out of the Multi-Fibre Arrangement (MFA), 350 spinning mills have been established, increasing investments since 2001. The demand for yarn in the private sector currently covers 95% of knit fabric intended for export and approximately 100% of the yarn demand in the local market.
Maksons has invested BDT 2.5 billion, positioning them as a prominent player in the denim industry. Top-notch denim fabric manufacturing is guaranteed by the state-of-the-art machinery and technologies installed in this new facility. Maksons is deliberately positioned itself to become a major supplier of quality denim to fashion labels worldwide as the demand for denim continues to increase globally. With this endeavor, Maksons is demonstrating their dedication to vertical integration and a stronger position inside the textile value chain. It also marks their move beyond spinning into fabric production.
Metro Spinning Limited has invested BDT 3 billion in a new Man-Made Fiber (MMF) production plant, bringing about a major transition for the company. With this development, Metro Spinning will be able to manufacture a greater variety of MMFs, meeting the textile industry’s increasing need for these adaptable and affordable materials. Their product offering will be expanded with the inclusion of MMF manufacturing, enabling them to serve as a one-stop shop for a wider range of textile requirements.
The audacious investments made by Maksons Group highlight their outlook for the textile sector. Maksons is positioned for sustained success and leadership in the textile industry by embracing cutting-edge technologies, growing its product line, and proactively meeting consumer wants. By taking these steps, Maksons is demonstrating their dedication to quality and innovation while also putting them in a position to adapt to the changing demands of a global market and raise the bar for textile manufacturing.
