# IFC invests $22.7M in Hamza Textiles for new factory in Bangladesh

IFC invested $22.7 million in Hamza Textiles Limited to build a new dyeing and finishing factory in Bangladesh, creating over 900 jobs and increasing finishing capacity by 80 tonnes daily.

- Type: Investment
- Announced: 2021-10-20
- Where: Bangladesh
- Value: $22.7M
- Jobs: 900
- Status: announced
- Capacity: 80 tonnes daily
- Products: dyeing and finishing services for fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hamza Textiles Limited](https://endata.com/companies/58554.md)
- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)
- [Dulal Brothers Ltd](https://endata.com/companies/58555.md) (partner)

## Sources

- [today.thefinancialexpress.com.bd](https://today.thefinancialexpress.com.bd/print/ifc-invests-227m-in-hamza-textiles-1634662378), 2021-10-20: "The new factory will allow Hamza to work with new fabrics to meet increasing buyer requirements, widen its manufacturing base and highlight the effectiveness of advanced technologies to cut production costs and deliver climate benefits."

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