by Md.Ariful Haque
Maksons Group, a powerhouse in the Bangladeshi textile industry, is making waves with two substantial investments totaling BDT 5.5 billion. This strategic move positions the group to elevate its role in the market, addressing evolving demands and reinforcing its status as an industry leader. With a rich history of innovation and excellence, Maksons Group is poised to set new benchmarks in textile production.
Maksons Spinning Mills Limited, a pioneer in the Bangladeshi spinning industry, was incorporated on September 25, 2003, and later became a Public Limited Company on January 25, 2005. The company boasts a state-of-the-art facility with 100,680 spindles, equipped with machinery from global leaders such as Japan, China, India, Italy, the USA, Germany, Switzerland, and Taiwan. With an annual production capacity of 21.25 million kgs, Maksons produces a wide range of yarns, including 100% Cotton Yarn, Organic Yarn, Combed Yarn, Supima Yarn, and high-quality Compact Yarn. These products have earned Maksons an excellent reputation in the market for their quality and service.
The spinning sub-sector plays a crucial role in the Ready-Made Garments (RMG) value chain, stabilizing supply chains and controlling costs. This sector produces various yarns, including cotton, polyester, synthetic, woolen, and blended yarns, which are essential for weaving specialized textiles, handlooms, knitting, and hosiery. The growth in clothing exports, especially after the phasing out of the Multi-Fibre Arrangement (MFA) in 2005, has driven the establishment of 350 spinning mills, boosting investments since 2001. Private sector spinning mills now meet nearly 100% of domestic yarn demand and 95% of export-oriented knit fabric yarn demand. Additionally, they supply 85% of cotton yarns and 50% of synthetic and blended yarns required by export-oriented fabric producers.
A Denim Powerhouse on the Rise (BDT 2.5 Billion Investment)
Maksons is set to become a major player in the denim market with a BDT 2.5 billion investment. This new unit will be equipped with cutting-edge machinery and technology, ensuring the production of top-tier denim fabric. The global demand for denim continues to rise, and Maksons is strategically positioning itself to become a key supplier of premium denim to fashion brands worldwide. This venture signifies Maksons’ expansion beyond spinning into fabric production, showcasing their commitment to vertical integration and a deeper presence within the textile value chain.
Metro Spinning Limited: A Transformation Through Man-Made Fibers (BDT 3 Billion Investment)
Metro Spinning Limited is undergoing a significant transformation with a BDT 3 billion investment in a new Man-Made Fiber (MMF) production facility. This upgrade will enable Metro Spinning to produce a wider range of MMFs, catering to the growing demand for these versatile and cost-effective materials in the textile industry. The addition of MMF production will enhance their product portfolio, making them a one-stop shop for a broader variety of textile needs. The construction of the MMF facility is progressing swiftly and is anticipated to be completed by the end of 2024, reflecting Maksons’ commitment to bringing this innovative project to fruition quickly.
Maksons Group’s bold investments underscore their vision for the future of the textile industry. By embracing cutting-edge technology, expanding product offerings, and strategically catering to market demands, Maksons is poised for continued success and leadership within the textile sector. These initiatives not only reinforce Maksons’ commitment to quality and innovation but also position them to meet the evolving needs of a global market, setting a new standard in textile production.
