Hwa Well Textiles

What Hwa Well Textiles does

Hwa Well Textiles (BD) PLC is a Bangladesh-based, publicly-listed textile manufacturer that has operated since 2002 and conducts a 100% export-oriented business producing knitted, dyed, and finished fleece fabrics. The company's core product lines include Polar Fleece, Micro Fleece, CD Fleece, Cotton/CVC Fleece, Mélange Fleece, and Laminating/Bonded Fleece, complemented by a broader knit construction portfolio covering Single Jersey, Interlock, Mesh, PK/Pique, Terry, Drop Needle, T/C, T/R, and Rib, plus specialty finishes such as Quick Dry, FR Treated, and Teflon Coated. Manufacturing is conducted at a single factory in Bhaluka, Mymensingh, with the registered office and principal place of business in Dhaka. The company holds OEKO-TEX, GOTS, GRS, and BCI certifications and maintains a dedicated Research and Development department focused on fabric innovation aligned with global trends.

The company sells exclusively through direct B2B export relationships to major international retail and apparel brands, with named enterprise customers spanning Walmart, Target, H&M, Puma, Adidas, Gildan, Carrefour, Regatta, Trespass, and Adler. Pricing is contract-based and not publicly disclosed. The company was converted from a private limited to a public limited company on 30 December 2011 and listed on both the Dhaka Stock Exchange and Chittagong Stock Exchange following a 2014 IPO under BSEC consent; its ticker is HWAWELLTEX. Sponsor/Directors hold 50.83% of the 56,000,000 ordinary shares, with general public holding approximately 40.70%.

Recent strategic activity includes BSEC-approved appointments of independent directors (Mrs. Rojina Akhter, FCA and Mr. Probir Kumar Paul, FCA) and a 2023 corporate name change to PLC under the Companies Act 1994 amendment. In August 2023 the board committed BDT 125,000,000 as a 10% sponsor stake in the proposed Open Digital Bank PLC, signaling vertical diversification into Bangladesh's digital banking sector. The company carries an A+ (long term) / ST-2 (short term) credit rating with stable outlook, valid 9 May 2025 to 8 May 2026.

Name

Hwa Well Textiles

Legal name

Hwa Well Textiles (BD) PLC

Website

https://hwawelltex.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hwa Well Textiles (BD) PLC is a Bangladesh-based, publicly-listed 100% export-oriented textile manufacturer producing knitted, dyed, and finished fleece fabrics for global retail and apparel brands including Walmart, H&M, Puma, and Adidas.

Ownership category

akta.pro rank

Product category

Knitted Textile Manufacturing

NAICS

Knit Fabric Mills (313240), Apparel Knitting Mills (3151)

SIC

Knitting Mills (2250), Textile Mill Products (2200)

akta.pro primary industry

Knitted Fabric Mills (IMAOABAB)

Keywords

• Knitted fleece fabrics
• Textile manufacturing
• Export-oriented textiles
• Dyed finished fabrics
• Apparel fabric supply

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Textile Manufacturing and Export: 100% export-oriented textile industry specializing in production and sale of knitted, dyed, and finished fleece fabrics. Products include Polar Fleece, Micro Fleece, CD Fleece, Cotton/CVC Fleece, Mélange Fleece, Laminating/Bonded Fleece, Single Jersey, Interlock, Mesh, PK, Terry, Drop Needle, T/C, T/R, Rib, and special treatments (Quick Dry, FR Treated, Teflon Coated). Revenue is generated through direct B2B sales to international retailers and apparel brands.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Hwa Well Textiles (BD) PLC is a 100% export-oriented textile manufacturer specializing in the production and sale of knitted, dyed, and finished fleece fabrics, including polyester, cotton, CVC, mélange, CD, and laminated/bonded fleece materials. The company also produces complementary knit constructions (Single Jersey, Interlock, Mesh, Pique, Terry, Rib, etc.) and applies special finishes such as Quick Dry, Flame Retardant, and Teflon Coating for performance, activewear, fashion, and protective apparel end markets.

Product overview

Hwa Well Textiles (BD) PLC is a 100% export-oriented textile manufacturer specializing in knitted, dyed, and finished fleece fabrics and related knit constructions. Its product portfolio centers on fleece fabrics including Polar Fleece, Micro Fleece, CD Fleece, Cotton/CVC Fleece, Mélange Fleece, and Laminating/Bonded Fleece. Complementing the fleece line, the company produces a range of knit constructions — Single Jersey, Interlock, Mesh, PK/Pique, Terry, Drop Needle, T/C, T/R, and Rib — covering both base-layer and outerwear applications. Additionally, the company offers specialized fabric treatments including Quick Dry, FR (Flame Retardant), and Teflon Coated finishes, enabling it to serve performance apparel, activewear, fashion, and protective wear end markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Polar Fleece A synthetic fleece fabric known for warmth and softness, commonly used in apparel such as jackets, blankets, and activewear linings. Supplied to global apparel brands and retailers.
• Micro Fleece A lightweight, thin fleece fabric with good breathability and moisture-wicking properties, suitable for layering garments and performance apparel.
• CD Fleece A fleece fabric blend featuring cotton-dyed properties, offering durability and color retention for a variety of end-use applications.
• Cotton/CVC Fleece A cotton-rich or chief value cotton fleece fabric combining the comfort of cotton with enhanced durability, used in casual and sportswear.
• Mélange Fleece A heather-effect fleece fabric produced by mixing different-colored fibers to create a mottled, multi-tonal appearance for fashion apparel.
• Laminating/Bonded Fleece A composite fleece fabric produced by laminating or bonding multiple layers together to enhance structure, wind resistance, and durability for outerwear.
• Single Jersey A lightweight, stretchy knitted fabric with a smooth face and purl back, widely used in t-shirts, dresses, and underwear.
• Interlock A double-knit fabric with a smooth surface on both sides, offering greater thickness and stability compared to single jersey, used in activewear and casual apparel.
• Mesh A loosely knitted fabric with open spaces between yarns, providing ventilation and breathability, commonly used in sportswear and athletic apparel.
• PK (Pique) A knitted fabric with a textured, waffle-like surface pattern, typically used in polo shirts and performance garments.
• Terry A fabric with uncut loops on one or both sides, known for high absorbency, used in loungewear, robes, and sportswear.
• Drop Needle A knit fabric with a distinctive vertical rib or stripe effect created by dropped stitches, used in fashion apparel and sportswear.
• T/C (Tetron/Cotton) A polyester-cotton blended fabric combining the wrinkle resistance of polyester with the comfort of cotton, used in workwear and casual apparel.
• T/R (Tetron/Rayon) A polyester-rayon blended fabric offering a silky drape and smooth texture, used in formal and casual wear.
• Rib A vertically ridged knitted fabric with high elasticity, commonly used in collars, cuffs, and hem bands of garments.
• Quick Dry Treatment A fabric finishing treatment that accelerates moisture evaporation, enhancing comfort during physical activity in garments.
• FR Treated (Flame Retardant) A flame-retardant chemical finishing treatment applied to fleece fabrics to reduce flammability for protective apparel applications.
• Teflon Coated A fabric coating treatment that provides water and stain resistance, applied to fleece materials for outdoor and performance apparel.

Named customers10 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• NR Group (NR Garments Ltd): Bangladesh knit fabric and garment exporter supplying fleece and knit products to global apparel brands. Operates integrated knitting, dyeing, and finishing operations similar to Hwa Well's manufacturing model.
• DBL Group: Bangladesh-based vertically integrated knit fabric and garment manufacturer with similar fleece, jersey, and value-added textile production serving global apparel brands. Comparable scale and 100% export model.
• Epyllion Group: Bangladesh knit composite manufacturer producing fleece, jersey, and knit fabrics for global apparel buyers. Operates knitting, dyeing, and finishing facilities similar to Hwa Well's single-site model and serves comparable Western and European retail customers.
• Fakir Knitting & Dyeing Industries: Bangladesh-based knit fabric manufacturer specializing in fleece, jersey, interlock, and value-added knit fabrics for international apparel brands. Direct competitor for fleece production capacity and customer relationships.
• Beximco Textiles Limited: Largest Bangladesh-based knit and woven textile manufacturer producing yarn, fabrics, and finished garments for global brands. Most direct peer given product overlap (knit fabrics) and shared export orientation serving international retail and apparel customers.
• Square Textiles Limited: Bangladesh-listed textile manufacturer producing yarn, knit, and woven fabrics for export markets. Comparable product portfolio in knit fabrics and similar customer base in retail apparel.
• Palmal Knitting & Dyeing Mills Ltd. Bangladesh knit fabric producer focused on fleece and jersey fabrics serving global retail and apparel brands. Direct production overlap with Hwa Well's core fleece and Single Jersey lines.
• Paramount Textile PLC: Bangladesh knit fabric and garment manufacturer producing fleece and knit constructions for export. Comparable scale, product portfolio, and customer segments including international apparel brands.

Broad incumbents

• KPR Mill Limited: India-based large-scale vertically integrated textile manufacturer producing yarn, knit fabrics, and garments. A broader incumbent in the same knitted fabric category, serving global apparel brands with significantly larger scale.
• Arvind Limited: India-headquartered textile conglomerate producing denim, woven, and knit fabrics with global brand customers including major retailers. Broader incumbent in apparel fabrics with overlapping global customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hwa Well Textiles