Local manufacturer Sterling Group to invest US $15m in Pabna EPZ
Mohammad Faruque Alam, Member (Engg.) of BEPZA, and Md. Siddiqur Rahman, Chairman of Sterling Group signed the agreement on behalf of their respective organizations. PHOTO: BEPZA
Bangladeshi company Sterling Group will be investing US $15 million to set up a readymade garments manufacturing factory in Ishwardi Export Processing Zone, Pabna.
The local venture, named Sterling Classicwears Limited, will produce 15 million pieces of garment items and create employment for over 5,600 workers, said a press release of Bangladesh Export Processing Zones Authority (BEPZA).
Sterling Group Chairman Siddiqur Rahman signed an agreement with BEPZA on November 1, 2018 in this regard. Mohammad Faruque Alam, member of BEPZA, signed the agreement on behalf of the government authority.
WHAT STERLING GROUP SPECIALISES IN
Sterling Group is one of the bigger names in Bangladesh’s garments industry. Currently, it manufactures all sorts of woven bottom wears with a production capacity of 62,000 pieces per month; specializing in pants, shorts, bermudas, and skirts.
The group consists of 9 companies: Sterling Creations Ltd, Sterling Apparels Ltd, Sterling Denims Ltd, Sterling Laundry Ltd, Unicorn Sweaters Ltd, Sterling Stocks & Securities Ltd, Sterling Styles Ltd and Bando Design Ltd.
Operating since 1984, the company is now exporting to major retailers and brands located in the US, Europe and Canada. Mentionable are the names of Lee, H&M, Zara, GAP, C&A, Benetton and S. Oliver.
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