# Noman Group to invest Tk 500cr in specialized fabric plant

Noman Group plans to invest Tk 500 crore over three years to build a plant in Bhaluka, Bangladesh, to manufacture 'Coolmax All Season' fabric. The plant aims to produce 120 tonnes of yarn per day and export $100 million worth of products annually.

- Type: Expansion
- Announced: 2018-04-02
- Where: Bhaluka, Bangladesh
- Value: $59.5M (5.00B BDT)
- Jobs: 20,000
- Status: announced
- Capacity: 120 tonnes of yarn per day
- Products: Coolmax All Season fabric, yarn
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Noman Group](https://endata.com/companies/31062.md)

## Sources

- [thedailystar.net](https://www.thedailystar.net/business/noman-group-spend-tk-500cr-specialised-fabric-plant-1557358), 2018-04-02: "The 'Coolmax' is a high value-added item."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.