UK-based Coats has a growing presence in Bangladesh. Coats is a global leader in industrial thread and consumer textile crafts. It has been operating in the country since 1989 and has a joint venture thread-producing plant with the local AK Khan Group with two factories, one in Chittagong and the other in Gazipur.
One in five garments on the planet is held together using Coats' thread. Coats, which is the second largest and fastest growing global zip manufacturer, will set up a new zips factory in Chittagong. This will open in the early part of 2015 and is being established in response to the growing demand from global consumer brands manufacturing apparel and footwear in Bangladesh.
Coats Bangladesh produces many new and innovative products including flame retardant threads, Hemseal (an adhesive thread for hems), Eloflex (a thread with high extension properties for use in stretch fabrics), Aquamelt (a water soluble thread for temporary stitching applications) and Drybond (a water resistant, strong and durable anti-wick threads for use in sports equipment).
When Coats began its business in Bangladesh 25 years ago, exports were worth 624 million dollars and the sector employed 320,000 people. This year exports are expected to fetch over $25 billion and employment will reach over 4 million people.
www.coats.com/index.asp?pageid=38&country=bangladesh
