Milestones

The Golden Fibre Trade Centre Ltd (GFTCL) emerged in 1988 as the 100% export oriented company and supplier of Jute and its allied fibres grown in Bangladesh.

In mid 80s, the country was experiencing a historical hiccup. Because of global politico-economic readjustment, Jute as the industrial raw material was gradually losing ground. Although Jute was the major foreign exchange earner of our country in the 60s and 70s, the supremacy and dominance got ceased from early 80s, due to the absence of prudent, planned, persistent, desperate and strategic marketing effort. Bangladesh’s brand image as the largest jute exporter started diminishing.

With an objective to set up a Jute-based state-of-the-art marketing house, GFTCL started its journey. With profound professionalism, GFTCL supplied Jute fibre to the traditional jute mills all over the world. Within few years, it managed to earn good reputation as the effective and trusted raw jute supplier. The company shipped huge volume of raw jute to China, Middle East, Africa, Europe and Brazil.

In mid 90s, GFTCL first stepped into the world of Jute Goods. Through tough negotiation, the company supplied huge quantity of jute goods to the then Cotton Marketing Borad, Zimbabwe currently known as The Cotton Co. Ltd. Later on, with a promise to deliver best service and co-operation, GFTCL successfully positioned itself into world Jute Goods market. Globally renowned commodity organizations and government bodies started to rely upon GFTCL because of its sincerity, promptness and responsiveness.

In 2000, Sudan Gezira Board and Zimbabwean Cotton Co Ltd have been included into GFTCL’s clientele list. Later on many big jute goods traders and importers from Iran, Indonesia, Zambia, Malawi, South Africa, Syria, Malaysia, Turkey rallied. The company established long term business relationship with cotton, tea, cocoa, coffee, gum Arabic growers and exporters who are actually ultimate users of Jute Goods.

Now, Jute is not mere a raw material to produce merely traditional goods like Jute Sacks, Yarn, Hessian Cloth and Bag, Carpet Backing Cloth and Carpets. Nonetheless, it has become an environment friendly answer to the manufacturers that are making fibre based products. While making paper, car components, composite board, fine textile fibre like viscose and non-wovens, Jute fibre is being successfully used as the environment friendly raw material. Top global brands like BMW, Ford, Marcedez and Panasonic are using components made out of either Jute or kenaf fibre. Many others are waiting to follow.

In 2001, GFTCL launched a plant on a 12-acre land in Sharishabari of Jamalpur District to supply technically processed and chemically treated fibre to the newly explored non-woven industries mostly based in China, Korea, Malaysia, Europe and North America. The plant has got fibre softening, carding, cutting and compressing facilities.

In 2003, the company diversified in real estate and property development business. GFTCL’s associate company Simura Construction Co Ltd (SCCL) commenced its operation as a real estate developer with its aesthetically elegant project “SIMURA GOLD” targeting the high-end market.

Fibre based diversified industry is the future of the nation. GFTCL’s another associate company Simura Non-Woven Ltd has been planned to be formed in 2007. Now pre-launching activities are being carried out to install a Jute- based non-woven industrial plant.

In 2010, a corporate decision was made to bring all the associate companies under SIMURA GROUP.

In 2011, a decision was made to pursue a number of jute based diversified industries to make Spun-bond, Needdle punched jute based non-woven fabric, Jute Viscose, felt and composite board and kenaf powder.