Meghna Group has partnered with Turkey’s Tam Hangers to establish Tam Hangers Bangladesh Limited, aiming to produce plastic garment hangers for export.
Tam Hangers holds a 51% stake, while Meghna Group holds 49%. A new factory in Mirzapur, Tangail, began trial production on October 4 with 16 machines, capable of producing 30,000 hangers daily.
The facility plans to expand to 40 machines, with a total investment of $7.5 million and the creation of 500 jobs.
The factory will focus on sustainable production by recycling old hangers and using solar power. Tam Hangers is a key supplier to global brands like Marks & Spencer and H&M.
Bangladesh’s hanger exports earned $30 million last year, and foreign investment is expected to boost this figure.
The initiative aligns with global trends towards recycling and decarbonization, positioning Bangladesh as a potential hub for garment accessories in the global market.
