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DBL Group Earns HSBC Export Excellence Award
Yahoo Finance· 2025-12-30 16:11
Core Insights - DBL Group has been awarded the HSBC Export Excellence Award for the sixth time, marking an unprecedented achievement in Bangladesh's garment industry [1][2] - The award recognizes DBL's sustained export growth, innovation in a vertically integrated knitwear ecosystem, and resilience amid global economic challenges [2][6] Company Overview - DBL Group is one of the largest manufacturers and exporters of knit garments in Bangladesh, with a production capacity of 13 million pieces per month [3] - The company exports to major markets including Europe, the United States, and Canada, and is a platinum supplier for H&M [3] - DBL Group's client portfolio includes Walmart, Puma, Esprit, G-Star, and Levi's [3] Industry Context - The ready-made garment sector accounts for over 80% of Bangladesh's exports, highlighting its significance to the national economy [5] - The industry has faced challenges such as worker unrest and supply chain disruptions in recent years [5] Strategic Initiatives - DBL Group has implemented an end-to-end backward integration model to ensure quality control, faster speed-to-market, and sustainability [6] - The company emphasizes ethical, sustainable, and technologically advanced manufacturing practices as it aims to solidify Bangladesh's position as a global apparel sourcing hub [7]