Coats to open zips factory in Ctg

Coats plc, the world’s leading industrial thread and consumer textile crafts business, is celebrating 25 years in Bangladesh.  This historic milestone is being marked by the announcement of the opening of a new state of the art zips factory in Chittagong, Bangladesh, at a gala event in Dhaka Sunday. The new zips factory will be opened in the early part of 2015 and is being established in response to the growing demand from global brands manufacturing apparel and footwear in Bangladesh.  The new factory will create over 100 new jobs locally and over time will manufacture the full offering of zips. In the celebration programme, Paul Forman, Group CEO, Coats plc, said, ‘Coats is extremely proud of our world class operation in Bangladesh and the support and relationship with our joint venture partner.  Our business has seen significant growth and development, particularly in the last few years and the opening of our new world class zips factory is a demonstration of our commitment to an ever growing presence here.’ In November 2014, Coats will be celebrating another corporate milestone in the region as it marks the 25th anniversary of its highly successful joint venture with Phong Phu in Vietnam, according to a statement.