Bangladesh is a reputed giant manufacturer of knitwear goods. And so it has one of the largest knitting capacities in the world. Particularly in case of cotton yarn knitting Bangladesh is one of the leaders in the world. But its knitting mills have been suffering for profitability crisis. Because of increasing cost of production and less value addition on the product their profitability has almost been died out.
In this context ‘Dutch Lube Company Ltd’ has come up with solutions to help local knitting mills to reduce their production cost significantly as if they remain cost effective and business viable. The company recently has inaugurated first ever knitting oil manufacturing factory in Bangladesh. They are supplying superior quality cost effective knitting oil to the knitting mills which is reducing knitting cost significantly.
While asked about cost reduction possibilities Engr. Kawsar Alam Sikder, told that by doing some small adjustments most of the knitting factories can double its productivity and reduce its wastage by more than 50 percent. He identified four major opportunities to reduce cost a) increasing productivity b) reducing process loss, wastage c) chemical cost reduction d) less electricity cost. He informs that if the knitting mills use ‘Texlube’ (the brand of Dutch Lube Company Ltd) they will be able to increase productivity significantly by reducing needle breakage and other machine breakdown. As the oil is itself cost effective the cost will go down further. Additionally there will be no chemicals and heat consumption is required in oil removals. As machine will run smoothly with less friction, Mr. Kawsar confirmed that using ‘Dutch Lube’ knitting oils will reduce electricity consumption cost as well.
Knitting machine is the heart of the knitting mills. And lube oil is the life for that machinery. To run knitting machine efficiently at its optimum productivity for a long life using right lube oil is very important. And So Vijesh Patel, Chairman of ‘Dutch Lube Company Ltd’ found to be very confident while talking to this report. Mr. Patel told that his company is being market leader in India for many years and now accommodating more than 80 percent of the market share. “Over many years our oil ‘Texlube’ has been trusted partner of the knitting machine. And in Bangladesh also our clients are our partners and we work with them with complete trust and partnership. To support them better we have establish the manufacturing plant here. Now we will be able to supply global top quality knitting oil every day to our clients helping them reducing inventory and supply lead time.” said Mr. Patel.
Jahangir Hossain Patwary, further specified, “We will be keeping ready stock of knitting oil, our clients will be able to order any quantity and we will make sure immediate supply to their factories”.
While Textile Today asked Vijesh Patel why he has chosen Bangladesh for setting knitting oil manufacturing plant, he told that Bangladesh is the second largest garment exporter in the world. And the country has one of the largest knitting capacities in the world. And so he finds this market is a potential market for his kitting oil. He also confidently told that ‘Over the years we will invest more in Bangladesh to increase production capacity and in future we will be able to export oil to countries like Vietnam, Cambodia etc. from Bangladesh.” He also informed that his company is planning to invest further in Special Economic Zones in Bangladesh to build another export oriented knitting oil manufacturing factory.
Mr. Patel emphasized on the importance of quality of the knitting oil and its consistency. He mentioned that knitting oil is very sensitive. If something goes wrong customers’ costly sophisticated knitting machinery will be affected they will suffer huge loss. And so we are heavily committed on quality and its consistency. We have full pledged laboratory here in Bangladesh. We test entire raw materials; we test the product three times before dispatching the goods to the customer. Mr. Patel further stressed that we know for knitting oil if one get any complaint from clients you are out of the business. And so we take no chance in quality and we set full proof quality assurance protocol in place with zero tolerance. He added.
Jahangir Hossain Patwary, further confirmed that we are getting great response from Bangladesh market. Our clients are using ‘Texlube’ oils with full confidence and have been able to reduce cost and increase performance by on an average 40 percent.
Dutch Lube Company Ltd, is a joint venture company of Bangladesh and India. The inauguration of the first production in Bangladesh has held on 16 August, 2017 at a Hotel in Dhaka.More than 50 knitting industry professionals from different knitting mills were present on the occasion. Among other top officials from Northern Toshrifa Gruop,Ratul Group, Shahbaz Knitting industry ltd, Knit Asia Group, Knit Concern Group, Esquire Knit Ind, Crony group, Texeurop (bd) Ltd, Purbani Knitting Ltd, Dird Composite Ltd, HAMS Group were present at the inauguration ceremony.
Engr. Kawsar Alam Sikder, explained their product and how this product contributes to the knitting industry in Bangladesh. He said that this company started in 2014 and theTexlube-22 is more sustainable, cost effective and it also increases productivity. It is the only Bangladeshi branded knitting oil. It is suitable for all types of knitting machine.
Source : textiletoday