Beximco raises €32.5m fund to expand its knit fabric facility

Beximco Ltd has escalated 32.5 million euros from Dutch financial company ING Bank in order to expand its knit fabric facility, said a press release.

The company will buy advanced German and other textile materials through a dealer in Germany based on financing from ING Bank, with an insurance-backed cover from Germany’s Export Credit Agency (ECA), it added.

Beximco added,The ambitious project fosters the expansion and upgrading of its vertically integrated textile manufacturing plant, that incorporates clean production practices – integrating sustainable raw material and renewable energy into its processes, with complete traceability.