The Dragon Group is directly responsible for the establishment of the sweater industry in Bangladesh, which now contributes about US $1.5 billion per year from export.
The Dragon Group first established its sweater factory by the name Cheung Hing Sweater in the 1980s with 50 Chinese technicians, about 300 machines and about 600 employees. Today, the Group employs over 12,000 employees with 10,000 machines and exports about 10 million sweaters per year. The group is among the world's largest sweater suppliers and is the largest sweater industry in south and southeast Asia.
The Group's chairman is Mostafa Golam Quddus, who is a former president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and is widely known as the Father of Bangladesh's sweater industry. The day-to-day operations are overseen by Managing Director Mostafa Quamrus Sobhan.
Dragon Sweater exports to over 30 countries including USA, Canada, European Union, United Kingdom, Australia, New Zealand, Mexico, Argentina, Chile, Brazil and Japan .
Dragon Sweater and spinning IPO was approved in December 2015 and is expected to be listed on the Dhaka and Chittagong Stock exchanges within first quarter of 2016 after completion of its IPO subscription .