#Knitting & Hosiery

2018-03-22

STOLL establishes branch in Bangladesh

H. Stoll AG & Co. KG, the leading manufacturer of flat knitting machines based in Reutlingen, opened a new branch in Bangladesh on 11 July 2017. STOLL CEO Thomas Hoffmann is working with more than 40 employees in Bangladesh to expand its direct support of customers and partners in the region.

Asia as an engine of growth

The Bangladesh site is located in the centre of the Asian market for textile production. With more than 5,000 textile factories, the country is one of the leading exporters of clothing. Textiles are the country’s most important industry economically, accounting for a large part of the gross domestic product, providing many jobs and thus making a significant contribution to development of the country.

‘Bangladesh is currently one of our most important markets, offering above-average growth and large-scale production particularly in the area of basics. With our direct presence in the region, we want to contribute to the long-term success of our customers,’ says Andreas Schellhammer, CEO of H. Stoll AG & Co. KG.

STOLL delivered around 1,500 machines in 2016 and well over 2,000 the following year, with sales increasing by more than 40%.

Thomas Hoffmann, CEO of Stoll Bangladesh, emphasises the importance of the company’s local presence: ‘The market is 100% focused on export. With our new site in Bangladesh, we can provide our customers in the region with comprehensive support in all matters.’

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