Sunday, May 31, 2020

Beximco will invest $20 million in Detroit

Beximco Group announced it will set up a plant in Detroit in the U.S. The company will produce masks and protective gear in the plant. The company earlier started selling the generic version of Gilead Sciences Inc.'s antiviral drug. Beximco's textile unit is tapping new opportunities as luxury brands from New York to Paris scrap garment orders amid the pandemic. The company expects the Detroit plant to be ready in nine months, while the one in Bangladesh will start production in four months.


Beximco will invest $20 million in the Detroit plant, said Syed Naved Husain, chief executive officer of the group's textile business. The company will also invest $30 million on a plant at home, he said. The company will initially supply N95 masks in Detroit before expanding to other parts of the U.S., Husain said.

Detroit had been recruiting a Bangladeshi company to manufacture jeans in the city, Duggan said, but when the COVID-19 outbreak took hold, the company brought in partners and pivoted to making personal protective equipment. "This comes from a process we've been at for more than a year," Detroit Mayor Mike Duggan said  when asked about the plan during a coronavirus response briefing.
The mayor said the city is looking for a site for the factory.

"Nobody picks Detroit at random. This is a result of (Detroit Economic Growth Corp. CEO) Kevin Johnson and the DEGC team and our economic development team," Duggan said. "I think it's time we start to make clothes back in the United States, and we've been working on that for the last year or two. And I didn't expect PPE would be the first plant to come"

Beximco said Hanesbrands Inc. bought 6.5 million personal protective equipment items from the company to supply to the Federal Emergency Management Agency.

Original article:Bangladesh company says it will build mask factory in Detroit

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