Juteborg Sweden AB and Razzaque Jute Industries Ltd (RJIL) have signed a Joint Venture Agreement on 1st December 2019 at MAQS Law firm in Gothenburg Sweden to form a Joint Venture Company (JVC) in Bangladesh named Juteborg Razzaque Bangladesh Ltd.
The JVC is aiming for developing & commercializing Jute based innovation. Besides, both the companies are also committed to transforming the Jute value chain through Juteborg’s project called Farmer to Factory Jute Supply Chain™ (F2F™).
Juteborg Sweden AB is a Swedish company focused on innovation, design & production of high-tech Jute based materials, composites and products in the industries of Automotive/Transportation, Construction/Interior, Textile/Fashion and Packaging.
Razzaque Jute Industries Ltd is one of the largest Jute yarn and twine producers located in the best Jute grown area in the world i.e. Faridpur, Bangladesh.