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Home POLITICS & POLICIES Water & Disasters VIEWS & REVIEWS EDITORIAL LETTER TO EDITOR COMPANIES & FINANCE

VOL 18 NO -196 REGD NO DA 1589 | Dhaka, Sunday September 5 2010

YKK to expand its business in Bangladesh

FE Report

Japanese zipper maker YKK is going to expand its apparel zipper plant in Bangladesh as part of its latest expansion plans, online apparel news portal just-style.com reported recently.

The company said it has a rapidly growing export market on its hands, particularly for processed products in European markets.

YKK established its first Bangladesh overseas plant in 2000 named YKK Bangladesh, in Dhaka. In 2002 Dhaka saw its first expansion, with the second phase of plant expansion in 2004.

Phase III will see the factory grow by 45 per cent before 2015, YKK official said. Sales goals from the plant are US$78 million by 2015 and total investment in the expansion will be US$27 million over four years.

The leading Japanese zipper company through its establishments in Bangladesh is helping the local garment manufacturers and exporters to be better prepared to overcome the challenges in the quota-free world. It regularly holds seminars for garment personnel where its exporters deliver the latest market information and strategies.

As the world's largest zipper manufacturer, YKK Group is most famous for making zippers. However it also manufactures other fastening products, architectural products, and industrial machinery.

YKK claims to be the first zipper company to promote environmental protection measures. It has developed a line of "environmentally friendly zippers", following the company's philosophy "The Cycle of Goodness" which means that one prospers when one renders benefit to others.

The group has manufacturing facilities in 68 countries, has the world's largest zipper manufacturing center located in Macon, Georgia, where they have 900 employees....