Vietnam overtakes Bangladesh, becomes 2nd largest RMG exporter

[Michael Corleone]

Not really. Its because world moved to man mad finer and bd is struck with cotton. You go to any major Canadian cloth or sports wear...which does make more money its all made in Vietnam or China...you go to Wal-Mart you see made in bangladesh...

but Vietnam can make same money by selling one sports wear then bd make from 10 cotton t shirt. So its not work hard its work smarter.

Bd garments owners keep whinning and asking for govt handout...without trying to compete...its the lazy dumb owners...well the gap will only get bigger with Vietnam.

There Amy be some truth to this. Vietnam and China specializes in synthetic whereas we specialize on cotton, denim.
we should look into synthetic asap those need machines to churn out anyways.

 

[Paul2]

There Amy be some truth to this. Vietnam and China specializes in synthetic whereas we specialize on cotton, denim.
we should look into synthetic asap those need machines to churn out anyways.

Have you heard of jute viscose? I read in news like years ago about BD splurging big on making the first plant.

 

[X-ray Papa]

Can anyone here give a list on what engineering product we produce?

 

[fallstuff]

The sky is not falling, as long as the overall export keeps rising.

 

[fallstuff]

Lots of Chinese RMG export manufacturing has moved to Vietnam. Trump kinda accelerated the exodus.

As long as you change with market needs and wants, it should all be just fine.

 

[Bilal9]

There Amy be some truth to this. Vietnam and China specializes in synthetic whereas we specialize on cotton, denim.
we should look into synthetic asap those need machines to churn out anyways.

Synthetic fiber (i.e. Polyester) is drawn out like viscous strands of honey from a solution (PET). You can import this fibre or make them locally two ways.

1. One is to melt imported solid PET "chips" and then make fiber. Or,

2. You can go the costly route (like China and India did, because of local demand/volume) which is to make PET solution (then fiber) from two different Chemicals using a chemical process (chemicals which the SAUDI ARAMCO or the Chinese can supply among others).

1st route is easy (already done in Bangladesh by BEXIMCO and a half dozen other companies for two decades now), 2nd is significantly more capital-intensive.

There are also companies making recycled PET fibre from plastic disposable water bottles.

First ever B’desh co producing polyester staple fibres from plastic bottles

A Bangladeshi company for the first time is producing and exporting polyester staple fibres recycling plastic bottles considering the growing market of man-made fibres in the global textile industry....

www.newagebd.net

Bangladesh was on the verge of going the 2nd route twenty years ago, then stopped (JV with Marubeni). Huge outlay and the PET fiber volume back then did not make sense, while it does now.

Maybe one of the conglomerates will invest now.

Can anyone here give a list on what engineering product we produce?

Engineering products (I'm guessing you mean industrial heavy engg. products, which are typically large one-offs) like 2000 ton cranes, ships, barges, personal watercraft, some plain quality lathes, power and distribution transformers, switchgear, large metal warehouses, lifts, AC/DC motors of various types, Diesel Power generators etc.). Those are only the things I can think of. With every decade more and more import substitution heavy engg. products are made locally.

Lot of engg. products cannot be made cheaply locally because volume pricing overseas is cheaper (more demand). No one can beat China, not even India. They tried and failed big time.

 

[Michael Corleone]

Have you heard of jute viscose? I read in news like years ago about BD splurging big on making the first plant.

Yeah a dude made plastics out of jute that’s bio degradable but no government support so it hasn’t progressed any further

 

[safari2021]

Synthetic fiber (i.e. Polyester) is drawn out like viscous strands of honey from a solution (PET). You can import this fibre or make them locally two ways.

1. One is to melt imported solid PET "chips" and then make fiber. Or,

2. You can go the costly route (like China and India did, because of local demand/volume) which is to make PET solution (then fiber) from two different Chemicals using a chemical process (chemicals which the SAUDI ARAMCO or the Chinese can supply among others).

1st route is easy (already done in Bangladesh by BEXIMCO and a half dozen other companies for two decades now), 2nd is significantly more capital-intensive.

There are also companies making recycled PET fibre from plastic disposable water bottles.

First ever B’desh co producing polyester staple fibres from plastic bottles

A Bangladeshi company for the first time is producing and exporting polyester staple fibres recycling plastic bottles considering the growing market of man-made fibres in the global textile industry....

www.newagebd.net

Bangladesh was on the verge of going the 2nd route twenty years ago, then stopped (JV with Marubeni). Huge outlay and the PET fiber volume back then did not make sense, while it does now.

Maybe one of the conglomerates will invest now.


Engineering products (I'm guessing you mean industrial heavy engg. products, which are typically large one-offs) like 2000 ton cranes, ships, barges, personal watercraft, some plain quality lathes, power and distribution transformers, switchgear, large metal warehouses, lifts, AC/DC motors of various types, Diesel Power generators etc.). Those are only the things I can think of. With every decade more and more import substitution heavy engg. products are made locally.

Lot of engg. products cannot be made cheaply locally because volume pricing overseas is cheaper (more demand). No one can beat China, not even India. They tried and failed big time.

Of the heavyweights in India's principal export basket, engineering goods, which make up nearly a fifth of all exports, rose to $58.4 billion in January- July 2021. That's nearly 20% higher than two years ago.
With the rebound in world markets, exports of engineering goods have the potential to exceed the $100-billion mark in the current financial year for the first time this year

PLI Scheme for Specialty Steel in India: Final List of Beneficiaries Awaited

The PLI Scheme for Specialty Steel will benefit both major steel players and downstream manufacturing MSME entities in India. See details.

www.india-briefing.com

 

[Paul2]

Yeah a dude made plastics out of jute that’s bio degradable but no government support so it hasn’t progressed any further

Viscose is not cellophane, a different material. Viscose is a yarn for a fabric.

 

[Bilal9]

Viscose is not cellophane, a different material. Viscose is a yarn for a fabric.

Jute viscose is a rayon like fiber, project is ongoing. Not only product has to be high quality - it has to be commercially viable.

‘Jute viscose project’ will change the history of Bangladesh’s jute industry

Huge domestic and global demand for jute viscose fiber shows a great prospect to produce it in Bangladesh where the high-quality raw material is avail...

www.textiletoday.com.bd