COLOR CITY LIMITED
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
DBL Group is one of Bangladesh’s largest and most reputed integrated knitted apparels manufacturers and exporters.DBL was established in 1991 and founded by four brothers. DBL has positioned itself as a premium operator and has gained credibility among major retailers including H&M, Wal-Mart, Esprit, Puma, G-Star and Bonita. DBL is committed to responsible business. An Environmental and Social Management System has been set up, following the guidelines of the highest industry standards ISO 14001, OHSAS 18001 and SA 8000.
What is our funding objective?
FMO will invest US$10.5 million in an expansion project that will increase DBL’s dyeing capacity for knitted fabric and knitted yarn. The project will be undertaken by the group company Color City Limited. The project will increase DBL’s dyeing capacity by 22 metric tons (MT) for knitted fabrics, 12MT for knitted dyed yarn and 3MT for sewing thread. The factory will adhere to international occupational, health and safety standards, thereby, offering a better environment to improve workers' quality of life.
Why do we fund this investment?
FMO believes that supporting best-in-class operators in Bangladesh such as DBL will demonstrate that ethical, responsible and successful Ready Made Garment players exist and are vital in ensuring change throughout the industry. The project will create 850 new full-time jobs, as well as temporary jobs during the construction phase.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/25/2013
- End date
- 6/15/2020
- Total FMO financing
- USD 10.50 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A