Debonair Group is going to start large-scale production of Polyester Staple Fibers (PSF), the raw material for making synthetic fabrics and jackets from used plastic bottles.
Debonair Synthetic Fiber Ltd (DSFL), a sister-concern of fully export-oriented jacket producing company Debonair Group, has been set up to produce 1,200 tonnes of fiber per month from waste plastic bottles to reduce its dependence on imported PSF.
The new facility of the garment group established on 45 bighas of land in Bhaluka at a cost of Tk 240 crore, said Mohammed Ayub Khan, Managing Director of Debonair Group.
The company will no longer need to depend on imports, mainly from China, worth some $55 million annually, he said.
The factory is under construction at Bhaluka in Mymensingh on a 100-bigha plot of land. Production is expected to start in November, 2020.
The project is being implemented with DSFL's own financing worth about Tk150 crore.
