Sheltech Group Expands Textile Operations with Tk 179 Crore Investment
Sheltech Group is reinforcing its position in Bangladesh’s textile industry with a Tk 179 crore investment through Envoy Textiles Ltd to expand its blended yarn spinning capacity by 25 tons per day. The expansion project, expected to be completed by February 2027, is aimed at meeting the growing demand for value-added yarn products in both domestic and international markets.
According to Tanvir Ahmed, Managing Director of Sheltech Group, the additional production capacity will enable the company to cater to evolving market requirements while strengthening Bangladesh’s competitiveness in higher-value textile manufacturing. As Sheltech owners and associated entities are among the major shareholders of Envoy Textiles, the investment forms an important part of the group’s long-term strategy to expand its textile business and support export growth.
In addition to increasing production capacity, Sheltech Group plans to install 10 MW of solar power across its operations to reduce carbon emissions, lower energy costs, and improve sustainability. The initiative aligns with the global textile industry’s shift toward cleaner manufacturing practices as international brands and buyers increasingly prioritize environmentally responsible supply chains.
Established in 1988, Sheltech Group employs around 16,000 people and generates an annual turnover of nearly Tk 6,700 crore. The company expects its revenue to grow significantly by 2030, driven by textile expansion, stronger export performance, and business diversification. The combined investment in advanced yarn production and renewable energy is expected to strengthen Bangladesh’s position as a leading supplier of sustainable, value-added textile products in the global market.