a year ago

Dragon Sweater growing apace

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Dragon Sweater & Spinning Limited (DSSL), one of the largest integrated sweater and spinning projects in South Asia, has been growing sustainably alongside drawing huge attention from global buyers to source their world-class sweaters and pullovers.

DSSL is listed with both Dhaka and Chattogram bourses with a paid-up capital of Tk 200 crore. The pioneering sweater maker and exporter is the flagship company of Dragon Group.

As a visionary entrepreneur, Mostafa Golam Quddus, founder chairman of Dragon Group, started the DSSL as the country's first sweater project at Dhaka’s Malibagh area in early 80s with technical collaboration from Hong Kong and China. The export-oriented sweater industry literally hit the road, according to a statement.

That embryonic journey finally has led Bangladesh to export sweaters worth $5.0 billion last fiscal. The industry employs more than a million people directly and many more in its sub-sectors. 

In the last 30 years, Dragon Group has invested heavily in the backward linkage to accrue huge operational synergy which has resulted in reduced costs and shorter delivery time. Dragon produces yarns to meet export demand through maintaining high-end quality and unmatched efficiency.

To attain operational synergy further, the factory of the group's another concern, Dragon Sweaters Bangladesh Limited, which has been successfully operating since 1991 with a paid-up capital of Tk 424 crore, are in transition to move to Cumilla from Dhaka.

The ISO-certified DSSL presently exports to the USA, Canada, Mexico, Brazil, Chile, Japan, Australia, United Kingdom and several other countries in Europe.

Every year, the demand for yarns and sweaters produced in Bangladesh is growing at an exponential rate. So, an increase in capacity and expansion of production bases of manufactures are mandatory to keep the pace.

As the demand for goods produced from the composite project, according to Mr Quddus, DSSL plans to expand its sweater manufacturing capacity as well as spinning capacity. DSSL intends to retain its position as the top sweater and pullover manufacturer and exporter in Asia.

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