In 1997, the Square Group made its way into the booming Bangladeshi textile industry. The Group has since founded Square Textile Limited, Square Yarns Limited, Square Fashions Limited, Square Knit Fabrics Limited, Square Denims Limited, and Square Apparels Limited. Collectively, we are known as the Square Textile Department. The Square Textiles Department is a multinational corporation that operates in the textile industry of Bangladesh.
Establishment and capacity
Samson H. Chowdhury is the company’s founder. There is a huge selection of textiles available. SQUARE established its first textiles subsidiary, Square Textiles Ltd., in 1997. After a year, SQUARE is ready to move into its second unit. On 2000, SQUARE opened a third location in the same building. Unit 1 costs US$ 20 million, Unit 2 costs US$ 13.50 million, and Unit 3 costs US$ 12 million, for a total of US$ 60 million. With its 36,288 spindles, Unit 1 can crank out 20,000 kilograms of product every single day. Unit 2’s output capacity is 12,000 kilograms per day, and its rotor capacity is 8,000 kilograms per day, thanks to its 768 spindles. Every day, 20,000 kilograms can be produced in Unit 3 thanks to its 3,192 open end heads.
Conclusion:
To that end, Square Textiles designs, produces, and sells yarns. Cotton yarn, polyester yarn, synthetic yarn, woolen yarn, and blended yarn made of cotton and polyester are among its offerings. At Tk 444.19 million, the company’s operating profit for FY 2017-18 was substantial. The company was able to attain notable success in a relatively short period of time. The major markets for Square Textile’s wares are the United Kingdom, the United States, and parts of Europe. Square Textile is a reputable business in the Asia-Pacific region since it has consistently provided excellent service and value to its clients.
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