Pearl Global Industries Limited (PGIL) (BSE: 532808) (NSE: PGIL), India’s largest listed garment exporter, manufacturing from multiple sourcing regions in South Asia, South-East Asia and Central America has announced the commissioning of new manufacturing facility and expansion of sustainable laundry capacity in Bangladesh. The new manufacturing unit adds ~7 Mn pieces of annual garment capacity, at optimum utilization, taking the company’s overall installed manufacturing capacity to a total of ~108 million pieces per annum.
Pearl Global Industries has commissioned a new garment facility and expanded sustainable laundry capacity in Bangladesh.
The unit adds about 7 million pieces of annual garment capacity, taking total installed capacity to about 108 million pieces per annum.
The laundry expansion is expected to improve efficiency, reduce washing costs and water use, and generate ROCE of about 18-20 per cent.
Commenting on the expansion, Mr. Pulkit Seth, vice-chairman & non-executive director, said: “We continue to focus on strategic capital expenditure to capture the growth opportunities in Bangladesh and strengthen our position in this important sourcing market. Bangladesh as a country continues to be a growth driver for the Group, supported by its favourable trade access to major global markets. This capacity addition further strengthens our ability to serve leading global customers and represents another important milestone in our growth journey. It also reinforces our long-term commitment to building a scalable and globally competitive manufacturing platform.”
Mr. Pallab Banerjee, managing director, added: “The commissioning of the new manufacturing facility, adding~7 million pieces of capacity, further strengthens Pearl Global’s multi-country manufacturing network, offers a well-established apparel manufacturing ecosystem, supported by a skilled and cost-efficient workforce. The expansion will further enable us to leverage this ecosystem while meeting the evolving requirements of our global customers. In addition, the expansion of our in-house sustainable laundry capacity will enhance operational efficiency, reduce washing costs and water consumption, and is expected to generate a ROCE of approximately 18-20%.”
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Fibre2Fashion News Desk (SG)
