Hyosung Invited To Invest In Bangla MMF Fibres Textiles Sector

The President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan called upon Hyosung Corporation to invest in manmade fibre textiles sector.

He made the call when a delegation of BGMEA led by him visited Hyosung Corporation in South Korea.

In the meeting they discussed issues related mutual trade interests, especially the prospect of setting up a manmade yarn and fabric textile plant by Hyosung in Bangladesh.

BGMEA President Faruque Hassan said Bangladesh has reached its peak in terms of producing cotton-based apparels; hence now the need to tap into the growing non-cotton garment sector.

“Hyosung can be a collaborative partner since they have a dominating global market share for spandex,” Hasan added.

Hyosung produces products such as Creora brand spandex, spandex yarn, aerocool and askin, polyester and nylon yarn.