Bangladesh-based Far Chemical is merging with SF Textile. Far Chemical will take over all assets and liabilities of SF Textile, which is a 100 per cent export-oriented yarn spinning company that has been in operation since 2016. The production capacity of the company is 42,250 spindles of cotton, viscose, and CVC yarn spinning. Far Chemical is a concern of Far Group. The group was established in 1993 based on a 100 per cent export-oriented sweater industry. The group has two other firms, ML Dyeing and RN Spinning Mills.

Earlier, Far Chemical recommended a one per cent cash dividend for the year ending on June 30, 2021. Far Chemical Industries manufactures, exports and sells chemicals to export oriented textile and apparel industries in Bangladesh. Its products include softening, retarding, leveling, anti-foaming, scouring, fixing, and bleaching agents, as well as stabilizers. The company was founded in 2007. Far Chemical has decided to shift its factory to its land from the Export Processing Zone. The company hopes to complete processing within six months after which it will be shifted to the new location. The sponsors and directors jointly hold a 30.24 per cent share, institutions hold a 14.80 per cent share and the general public holds a 54.96 per cent share in the company.