A study on Bangladesh Jute Industry and Transocean Fibers Processors Limited

Abstract

Jute the golden fiber of our country played a vital role in our economic sector by providing positions to our people who were making sure both raw jute and processed jute are earning enough money to dominate the jute market worldwide. Transocean Fibers Processors ltd. was one of the companies, which benefited for some time because of jute’s high quality market condition. The annual production and export earning has increased significantly over last decade however companies like Transocean Fibers Processors ltd is struggling to survive in the new business environment. In short, lack of working capital, lack of modern manufacturing equipment, bank loan, raw material price fluctuation, international politics and newer competitions are the main cause of their struggles.