Page 9 - Daily News_20210915

國際

Growing demand pushes spinners to synthetic yarn

Bangladesh's apparel exports constitute about 70% of cotton apparels
and the rest are made of synthetic fibre, according to ITMF data.

Furthermore, the global synthetic fibres market size was valued at
$59.95 billion in 2020 and is expected to grow at a compound annual
growth rate of 6.6% from 2021 to 2028. The synthetic fibres market size

will amount to $99.78 billion by 2028, according to Grand View Research.

Engr Razeeb Haider Munna, director of the Bangladesh Textile Mills
Association (BTMA), told The Business Standard that many spinning
millers are converting a part of their capacities to manufacture synthetic

yarns and some are investing to set up new units for synthetic and
blended yarns.
Noman Group, one of the leading spinning and textile giants in South

Asia, has invested in setting up a 100% synthetic yarn unit, which is
under trial production.

"Our new unit will be able to produce about 100 tonnes of synthetic
yarns per day, which is scheduled for commercial operation by the end of

this month," said Mohammad Enamul Karim, executive director
(spinning) of Noman Group of Industries.
Currently, Noman Group's per day production capacity is about 450

tonnes of cotton and blended yarns, while the country's total spinning
capacity is about 5,511 tonnes a day.

The BTMA said local spinners can meet about 80% of the demand for
export-oriented knit yarn and 40% of that for woven yarn, while

synthetic and mixed yarns are mostly imported from China.

8