DBL Group

completed

DBL Group (“DBL” or the “Group”), an existing IFC Advisory Services client and one of Bangladesh’s largest and most reputed integrated knitted apparels manufacturers and exporters, has approached IFC to finance its knitted fabric, yarn and sewing thread dyeing expansion project (the “Project”) undertaken by the Group company Color City Limited (“Color City”, the “Company” or the “Borrower”). The proposed greenfield Project, with a targeted operational date of June 2014, will increase DBL’s dyeing capacity by 22 metric tons (“MT”) for knitted fabrics and 12MT for knitted dyed yarn (including 3MT for sewing thread). The proposed Project is Phase II of Color City’s expansion plan. Phase I, currently under implementation with DEG financing and expected to go online in January 2014, will increase DBL’s knitted fabric dyeing capacity by 28 MT. After implementation of both phases, Color City will have total dyeing and finishing capacity of 62MT and is expected to operate at 75% capacity utilization in the first year to fully cater to the Group’s forward-linked ready-made garment (“RMG”) units’ requirements.