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Opex Fashion UK claims that more than 140 factories in China and India, including Bangladesh, are used as production areas of Opex Fashion UK. A leader in the garment industry owners’ association said large production capacity had caused major problems for the Opex and Sinha Group.
24 paź 2021 · According to BGMEA sources, Opex Group owes about Tk90 crore to the workers of its closed garment factories. However, on condition of anonymity, a workers' leader told TBS that the amount was over Tk100 crore. Discussions are going on about how the workers' dues will be cleared.
Find company research, competitor information, contact details & financial data for OPEX GROUP of Dhaka, Dhaka. Get the latest business insights from Dun & Bradstreet.
24 paź 2021 · Opex & Sinha Textile Group, once one of Asia's largest garment and textile makers, has decided to close big operations at Kanchpur, Narayanganj following a reduction of work orders and...
23 paź 2021 · Many businesses who became garment entrepreneurs seeing the success of the Opex Group are saddened to know the sad demise of a giant garment factory, not only in Bangladesh but also in Asia. “It was not very unexpected,” said Mohammad Hatem, executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).
24 paź 2021 · High-flying ambition and imprudence, coupled with mismanagement and the pandemic shock, led to the downfall of Opex Sinha, once one of the largest garment manufacturing conglomerates in Asia. At its height at the turn of the 21st century, it raked in $500 million in annual turnover and employed around 45,000 people.
21 paź 2021 · In an official announcement, Opex Group said that it has shut its Kachpur factory operation. Opex added that it continued to run the factories by taking loans and selling the land, paying salary allowances and other expenses.
