Newage
Newage Group is a Bangladesh-based, vertically integrated manufacturer and exporter of woven and knit apparel founded in 1984, serving major European and US fashion brands such as H&M, C&A, Mango, Target and Primark across ~$110M in annual group revenue.
- Company typePrivate
- Founded1984
- HeadquartersDhaka, Bangladesh
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Newage does
Newage Group is a Bangladesh-headquartered, vertically integrated apparel manufacturer and exporter founded in 1984 by A.S.M. Quasem. The group operates six wholly-owned subsidiaries and one joint venture across four manufacturing locations in Dhaka, Kaliakoir, Ashulia and Mirzapur, producing woven and knit apparel for international fashion brands and retailers including H&M, C&A, Mango, Target, Primark, Aldi and New Yorker, with a stated annual turnover of approximately $110 million USD and a workforce of roughly 10,000.
The group's production architecture spans the full textile-to-garment value chain: Newage Garments Ltd. (woven shirts, 700,000 pieces/month), Newage Apparels Ltd. (woven and knit apparel with 18 woven lines, 37 knit lines and 6 cap lines, 16 million pieces/month), Newage Textiles Ltd. (circular knitting, dyeing, tubular and open-width finishing with 20,000 kg/day capacity), Jimay Newage Dyeing and Printing Company Ltd. (denim and polyester, 8,574 kg/day), Newage Plastic Ltd. (320,000 dozen hangers/year), and the Keilock Newage Bangladesh Ltd. joint venture with Kei Lock Whale Fun HK Limited (150,000 blazers/month). Newage Clothing Ltd., the newest subsidiary (2023), supplies corporate, hospital and industrial aprons to domestic healthcare and hospitality buyers such as Square Hospital, BRB Hospital and Bangladesh Specialized Hospital. Manufacturing technology includes Swiss winch dyeing equipment sourced from Italy and the USA, Data Color computerized color matching, fully equipped UK/USA-sourced testing laboratories for shrinkage and fastness control, CAD-based pattern and marker design, and a 566 kWp rooftop solar PV installation.
The business model is sales-led B2B contract manufacturing priced via buyer negotiations rather than disclosed pricing tiers, distributed through direct export relationships with enterprise fashion brands, and underpinned by compliance certifications (WRAP, GOTS, GRS, RCS, OCS, OEKO-TEX, European Flax, FEM, SVCOC, SLCP, SMETA) that function as buyer-acceptance prerequisites. Revenue streams span apparel manufacturing exports, textile production to internal and external buyers, corporate uniform supply and plastic hanger/poly bag manufacturing. The company is privately held and founder-family-controlled, with no external institutional or PE investment indicated in the available data.
Newage firmographics
Firmographics- Name
- Newage
- Legal name
- Newage Group
- Website
- https://newage-group.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Newage Group is a Bangladesh-based, vertically integrated manufacturer and exporter of woven and knit apparel founded in 1984, serving major European and US fashion brands such as H&M, C&A, Mango, Target and Primark across ~$110M in annual group revenue.
- Ownership category
- akta.pro rank
Newage industry classification
Industry- Product category
- Apparel Manufacturing
- NAICS
- Apparel Manufacturing (315), Cut and Sew Apparel Manufacturing (3152), Apparel Knitting Mills (3151), Broadwoven Fabric Mills (313210), Apparel Accessories and Other Apparel Manufacturing (31599)
- SIC
- Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Wholesale-Apparel, Piece Goods & Notions (5130), Knitting Mills (2250), Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320)
- akta.pro primary industry
- Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses) (IMAOAEAE)
- akta.pro secondary industries
- Knitwear & Sweaters Manufacturers (CRAAAAAJ), Dresses, Skirts & Tailored Apparel Cut & Sew (Suits/Formalwear) (IMAOAEAF), Denim & Bottoms Cut & Sew (Jeans/Trousers/Shorts) (IMAOAEAD), Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL), Textiles & Fabric / Piece Goods Wholesale (CRAOADAH)
Keywords
Where Newage is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices4 records
Markets served
Newage business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Apparel Manufacturing & Export: Manufacturing and exporting woven and knit apparel to international fashion brands and retailers. Revenue generated through production contracts with major buyers like H&M, C&A, Mango, Target, Primark and others.
- Textile Production: Circular knitting, dyeing and finishing of fabrics for internal RMG factories and external buyers
- Corporate Uniform Supply: Corporate uniform manufacturing and supply to healthcare and hospitality industries in Bangladesh
- Plastic Hanger Manufacturing: Plastic hanger and poly bag manufacturing for RMG factories in Bangladesh
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Newage product offering
Product offeringCore offering
Newage Group manufactures and exports woven and knit apparel from Bangladesh to international fashion brands and retailers (H&M, C&A, Mango, Target, Primark, Aldi, New Yorker). The group operates vertically integrated production across seven subsidiaries covering circular knitting, dyeing and textile finishing, woven shirt manufacturing (700,000 pieces/month), knit and woven apparel manufacturing (16 million pieces/month), blazer production via a joint venture (150,000 pieces/month), dyeing and printing (8,574 kg/day), and corporate uniforms for healthcare and hospitality, plus plastic hangers and poly bags for RMG factories.
Product overview
Newage Group is a leading manufacturer and exporter of woven and knit apparels from Bangladesh, operating as a diversified conglomerate with multiple subsidiaries since 1984. The portfolio includes: Newage Garments LTD (woven shirts), Newage Apparels LTD (woven/knit apparel), Newage Textiles LTD (knitting, dyeing, finishing), Newage Plastic LTD (hangers, poly bags), Keilock Newage Bangladesh LTD (blazers, joint venture), Jimay Newage Dyeing and Printing Company LTD (dyeing, printing), and Newage Clothing LTD (corporate aprons). With approximately $110 million annual turnover, the group operates knit, woven apparel manufacturing and textile production capabilities under a unified corporate structure.
Differentiator
Problem solved
Functional benefit
Products and services
- Newage Garments Ltd. - Woven Garment Manufacturing Woven garment manufacturing unit specializing in casual and dress shirts with a production capacity of 700,000 pieces per month, employing AQL-1.5 final auditing methods for international fashion brand buyers.
- Newage Apparels Ltd. - Woven and Knit Apparel Manufacturing Woven and knit apparel manufacturing unit operating an 18-line woven factory, 37-line knit factory and 6-line cap section producing casual shirts, ladies blouses, children-wear, adult wear and caps with 16 million pieces per month combined capacity.
- Newage Textiles Ltd. - Knitting, Dyeing and Textile Finishing Circular knitting, dyeing, tubular and open-width textile finishing unit with garment washing capabilities, processing nearly 20,000 kg of knit fabric daily and inspecting 20% of greige with 100% table inspection of finished fabrics.
- Newage Plastic Ltd. - Plastic Hanger and Poly Bag Manufacturing Plastic hanger and poly bag manufacturing unit with two FT280 F1 injection molding machines producing 320,000 dozen hangers per year, using the same effluent treatment plant that services the broader manufacturing site.
- Keilock Newage Bangladesh Ltd. - Blazer Manufacturing (Joint Venture) Joint-venture woven factory specializing in casual and semi-formal blazers, employing AQL-1.5 final auditing, with a monthly production capacity of 150,000 pieces.
- Jimay Newage Dyeing and Printing Company Ltd. - Dyeing and Printing Dyeing and printing unit with 43 production machines processing nearly 8,574 kg of knit fabric daily, specializing in denim and polyester.
- Newage Clothing Ltd. - Corporate, Hospital and Industrial Apron Manufacturing Corporate, hospital and industrial apron manufacturing unit supplying local healthcare and hospitality institutions such as Square Hospital, BRB Hospital, Bangladesh Specialized Hospital and Shaheed Monsur Ali Medical College.
Quantifiable outcome
- 56% sustainable reduction of CO2 emissions
- +2 more outcomes
Companies that use Newage
Customer profileNamed customers15 records
Segments2 records
Ideal customer profiles2 records
Newage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Newage partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Kei Lock Whale Fun HK LimitedcoreJoint venture partnership for blazer manufacturing. Kei Lock Newage Bangladesh Limited is a joint venture between Newage Group and Kei Lock Whale Fun HK Limited, producing casual and semi-formal blazers with monthly capacity of 150,000 pieces.
- GeocycleminorPartnership for responsible industrial sludge co-processing to preserve terrestrial and submerged life. Newage Group co-processes textile sludge with Geocycle.
- Lafarge HolcimminorPartnership for responsible industrial sludge co-processing. Newage Group co-processes textile sludge with Lafarge Holcim for environmental protection.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
Newage competitors and assessment
Company assessmentDirect peers
- Beximco Textiles & Apparels: Bangladesh's largest vertically integrated textile and apparel conglomerate, producing woven and knit garments, fabric, and yarn. Directly comparable to Newage in business model (cut-and-sew + textile) and customer base (European/US retailers), but operating at materially larger scale.
- DBL Group (Dulal Brothers Limited): One of Bangladesh's largest apparel exporters with vertically integrated knitting, dyeing, and garment operations. Comparable in product mix (knit and woven apparel) and buyer base (H&M, C&A, Inditex), and a direct competitor for similar volume programs.
- Epyllion Group: Bangladeshi vertically integrated knit and woven apparel manufacturer with textile, dyeing, and finishing capabilities. Operates with similar product breadth and international buyer focus, making it a close structural comparable to Newage.
- Fakir Apparels Limited: Bangladeshi knit garment manufacturer exporting to European and US brands, with in-house knitting, dyeing, and finishing. Comparable in product specialisation (knit apparel), production scale, and reliance on a similar buyer roster.
- Viyellatex Group: Bangladeshi apparel manufacturer with integrated knit, woven, and textile operations serving global fashion brands. Directly comparable in vertical integration model, product mix, and export-led B2B go-to-market.
- Square Textiles Limited: Diversified Bangladeshi textile and garment producer covering spinning, weaving, knitting, and apparel. Comparable in the textile-mill-to-garment integrated structure and the focus on woven and knit apparel for international buyers.
- Esquel Group: Hong Kong-headquartered vertically integrated cotton apparel manufacturer producing shirts and knitwear for global brands. Comparable as a large-scale, vertically integrated woven/knit apparel exporter with strong sustainability commitments and a similar buyer base.
- Li & Fung Limited: Hong Kong-based global apparel sourcing and manufacturing company that orchestrates production across Asia. Comparable as a B2B apparel manufacturer/exporter serving the same major European and US fashion retailers, though it operates an asset-light sourcing model rather than owning its own factories.
- Ha-Meem Group: Bangladeshi apparel manufacturer and exporter producing woven and knit garments for global fashion brands. Comparable in product mix, vertical integration (fabric to garment), and the same European/US retail buyer set that Newage serves.
Regional players
- Hirdaramani Group: Sri Lanka-based apparel manufacturer producing knit and woven garments for global brands, with multi-country production. Comparable in cut-and-sew apparel and buyer base, but operates from a different origin and so is a regional rather than direct Bangladesh-based competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Newage social profiles
Digital presenceNewage compliance and trust
Trust signalCompliance11 records
Newage financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newage leadership team
Management profileNumber of profiles
Profiles7 records
Newage subsidiaries and ownership
Company hierarchySubsidiaries7 records
Newage funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newage
What does Newage do?
Newage Group manufactures and exports woven and knit apparel from Bangladesh to international fashion brands and retailers (H&M, C&A, Mango, Target, Primark, Aldi, New Yorker). The group operates vertically integrated production across seven subsidiaries covering circular knitting, dyeing and textile finishing, woven shirt manufacturing (700,000 pieces/month), knit and woven apparel manufacturing (16 million pieces/month), blazer production via a joint venture (150,000 pieces/month), dyeing and printing (8,574 kg/day), and corporate uniforms for healthcare and hospitality, plus plastic hangers and poly bags for RMG factories.
Is Newage a public or private company?
Newage is a private company. It is classified as family owned and is currently operating.
When was Newage founded?
Newage was founded in 1984. It employs 5,001 to 10,000 people.
Where is Newage based?
Newage is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Newage make money?
Four revenue lines are on record. Apparel Manufacturing & Export is the primary driver. The others are textile Production, corporate Uniform Supply and plastic Hanger Manufacturing.
Who are Newage's main competitors?
Direct peers on record are Beximco Textiles & Apparels, DBL Group (Dulal Brothers Limited), Epyllion Group, Fakir Apparels Limited, Viyellatex Group, Square Textiles Limited, Esquel Group, Li & Fung Limited and Ha-Meem Group. Hirdaramani Group is listed as a regional player.
Does Newage have an API?
No public API is recorded for Newage.
What industry is Newage in?
Newage's product category is Apparel Manufacturing. Its primary akta.pro industry code is IMAOAEAE, Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses), with a secondary code of CRAAAAAJ, Knitwear & Sweaters Manufacturers. Its NAICS code is 315 and its SIC code is 2300.