An explosion and fire at BM Container Depot in Sonaichhari Union, Sitakunda, Chittagong, has burnt readymade garments worth 1,46,000 dollars belonging to Remi Holdings Limited. Another 6,30,000 dollars garment made by Tarasima Apparels Limited was also destroyed. The buyers of these garments are world-famous brands H&M and Target. The article contains Bangladesh Depot Fire Leaves Damage to RMG Most.
The Pran-RFL Group lost 70 containers of foodstuffs, which were waiting to be shipped for export. However, in the case of Sitakunda, the loss of export-oriented garments has increased. The complete account of this loss has not yet been matched. The BGMEA (Bangladesh Garment Manufacturers and Exporters Association) made a letter to its members seeking a history of the damage caused by the blast at the depot. About 28 factories had sent information about their losses.
According to BGMEA, 30 lakh 33 thousand and 884 pieces of garments from 28 garment factories were burnt in the fire, the export value of which was 1 crore 14 lakh 96 thousand 596 US dollars. The buyers of these garments include H&M, Target Corporation, MBH, Base, Fame LLC, etc. Factories that have reported losses include JFK Fashion, AKH Knitting and Dyeing, Versatile Textiles, Vision Apparels, Impress-Newtex Composite Textiles, Ayesha Clothing, Vanguard Garments, Arrow Fabrics, Ginse Fabrics, Divine Intex, Divine Intex Rio Fashionwear.
According to some garment manufacturers, as far as information is available, H&M’s garments have suffered the most due to the explosion and fire at the BM container depot.
To explore more articles from Business Cloud, Please Click Here!