Bangladesh : Grameen Knitwear gains orders for Coolmax fabrics

Grameen Knitwear Ltd, a local manufacturer and a hundred percent export oriented company, now can boast of acquiring the order to sell one of the high cost fabrics, the 'Coolmax Fresh Fabric' to China, which itself is one of the biggest manufacturer of synthetic ones.
Coolmax Fresh Fabric is basically used to produce high performance sports wear. It is made from a hexa-channeled fiber that pulls moisture away when it touches the skin. The fabric prevents the apparel from smelling. Thus, the user feels dry, cool and fresh.
Recently, the consumption of coolmax fabric has increased sharply, as now consumers are developing interest for using this material for every day apparel. Grameen Knitwear Ltd, in order to boost their business, has visited Vietnam, Korea, Shanghai and Cambodia and struck a deal with China.
According to statistics, synthetic fabric enjoys over 70 percent of global apparel market share. Coolmax fibre is sold at Euro 40 to 45 per kg compared to 4 to 8 kilo for many traditional fabrics.
Grameen Knitwear Ltd, till now has shipped Coolmax fresh fabric worth US $35,000 to China and is expecting to export materials worth $50,000. Company, in order to meet rising demand of exports, is planning to set up new factories in the Export Processing Zones.