Bangladesh Shoemaker Takes The Lead To Build A Shoe Mold Factory In China.
Fortuna Bangladesh is preparing to diversify its footwear business by improving its manufacturing capability. A Chinese company will join. Bengal God of wealth plans to set up the first shoe mold factory in September.
Previously,
Mammon group
We have invested 560 million Taka, set up new factories and imported high-tech machines.
Fayez Tahir, chief executive of Bangladesh's God of manufacturing and retail department, said that in February, a factory was built at Kunia (Gazipur) in Cunha, Fayaz, with the purpose of Taher.
Extension company
Advanced production equipment achieves 6000 pairs of shoes per day, while the current production capacity is 2500 pairs.
Moreover, Chinese buyers are now entering Bangladesh, as China's labor costs are rising.
In addition, many European buyers are also eyeing Bangladesh's export advantage to EU countries, and 16.5% of the extra tax on shoes exported from China.
Because of the anti-dumping rules set by the WTO, India and China can not produce leather products of high quality and low price. Therefore, orders from Japan, France, Germany, Italy and Canada are fast flowing into Bangladesh enterprises.
Previously, India, Vietnam and China were the biggest exporters of leather shoes.
According to Tahir, the company will be foreigners.
Administration
For example, they will employ Chinese experts in charge of technology and manufacturing departments. They select American designers responsible for the company's creative and design departments.
Bangladesh's overall leather shoes market is 17 billion Taka, of which 45% is used for export.
About 6 million pairs of leather shoes are exported each year.
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