Dear Customers and Partners,
The People's Republic of Bangladesh is a country in South Asia. The country is bordered by India on three sides, Myanmar to the southeast, and the Bay of Bengal forms the southern coastline. The Chittagong Hill Tracts, the only significant hill area of the country, con-sists of hills, hillocks, valleys and forests, and is quite different in characteristics and habitats from other parts of Bangladesh. Mostly, the hill ranges and river valleys are longitudinally aligned. There are about 254 rivers flowing throughout the country, making it a land of rivers. Bangladesh is located in the low-lying Ganges Delta, formed by the confluence of the Ganges (local name Padma), Brahmaputra (Jamuna) and Meghna rivers and their respective tributaries. The alluvial soil deposited by these rivers has created some of the most highly fertile plains of the world .Cox's Bazar, south of the city of Chittagong, has a beach of over 120 kilometers in length; one of the longest unbroken natural sea beaches of the world.
1950 was the beginning of RMG in the Western world. In order to control the level of imported RMG products from developing countries into developed countries, the Multi Fibre Agreement (MFA) was made in 1974. The MFA agreement imposed an export rate 6 percent increase every year from a developing country to a developed country. In the early 1980s Bangladesh started receiving investment in the RMG sector.
In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 6000 manufacturing units. The RMG sector contributes around 76 percent to the total export earnings. In 2011-2012 it earned $28 billion. This sector also contributes around 13 percent to the GDP, which was only around 3 percent in 1991. Of the estimated 4.2 million people employed in this sector, about 50 percent of them are women from rural areas. In 2000, the industry consisting of some 3000 factories employed directly more than 1.5 million workers of whom almost 80% were female. USA is the largest importer of Bangladeshi RMG products, followed by Germany, UK, France and other E.U countries
Lazim Apparels Limited started her journey in 2007. In 2013 Lazim Apparels Ltd has merged with Kids Fashion Group (KFG) of Germany as a joint venture Company. After taking the charges present management engaged them to build the factory one of the State of the Art industry in Bangladesh RMG sector which is still ongoing process. Last year the company's sales turnover was in Tk. 242 million, major export items are Kids clothing and major export hub of the business is Germany, Turkey, Canada, Dubai, Ireland and other CIS and EU region.
From the management part- our mission and vision is move together as a family- we are treating our all shop floor members and our staffs a single family, trying to develop their socio economic status, giving them a healthy and hygienic working environment according to country's labour rules, ensuring job security, health support and many more- management believe that if they grows up business will grows automatically. Lazim is one of the compliance factory in this sector- and running its business as per the policy.
We the management of LAZIM Apparels is not only business focused industry but also engaged ourselves in social responsibilities as a good corporate citizen. This year we are trying to support in health awareness and education program to our local under privileged kids who will be the next country maker of Bangladesh.
I, together with our staff look forward to taking on new challenges in the future with the continued support and blessings of our customers and business partners.
Lazim Apparels Ltd.
Sayeed Salehin
Managing Director
