Chinese company to invest in jhut recycling in Mongla

04 Nov '24

1 min read

Chinese company to invest in jhut recycling in Mongla

Pic: BEPZA

Insights

Xingchen Textile will invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone, recycling garment wastage known as 'jhut.'
The facility aims to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.
An agreement was signed, with the investment expected to create 600 jobs for Bangladeshi nationals.

Xingchen Textile Co, a Chinese company, is set to invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone (Mongla EPZ). The facility will recycle garment wastage, known as 'jhut,' to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.

In the presence of BEPZA executive chairman major general Abul Kalam Mohammad Ziaur Rahman, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Xingchen Textile Co at the BEPZA Complex in Dhaka. Ashraful Kabir, member (investment promotion) of BEPZA, and Chen Dehong, chairman of Xingchen Textile Co, signed the agreement on behalf of their respective organisations.

This foreign investment is expected to create employment opportunities for 600 Bangladeshi nationals. Notably, Xingchen Textile Co will be the second textile industry in Mongla EPZ to produce textile products using jhut, the BEPZA said on its website.

Fibre2Fashion News Desk (RR)

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