Bashundhara Group to build industrial village at Pangaon

Bashundhara Group to build industrial village at Pangaon Dhaka, Jan 17, 2010: The Bashundhara Group, leading industrial and business conglomerate of the country, has initiated a move to build an industrial village at an estimated cost of Taka nearly a trillion at Pangaon in Keranigonj. The largest edible oil refinery of the country, safe drinking water, flour mills, bag factory, edible oil tank terminal and spice grinding and packaging factories will be set up in the industrial village. The under commissioning medium to heavy industrial units at the village are expected to generate direct employment opportunities for 2500 skilled and semi-skilled workers apart from indirect employments for 15000 others in phases. The mega project has been taken up with the core objective of penetrating the domestic market of consumer products by international standard food and beverage items. Five specialized and technically advanced companies from Europe, Malaysia, Taiwan and China are providing machineries and technical know-how for the industrial village. As the first phase of the mega-initiative, the Bashundhara Group has entered into three separate contracts with the Oiltek of Malaysia, Sunrise Industrial Company of China and Mill Powder Tech Company of Taiwan Thursday (January 14, 2010). The Senior Deputy Managing Director of the Bashundhara Group Belayet Hossain signed the contracts on behalf of the Bashundhara Group while the Managing Director of the Oiltek K.H. Wong, Sales Engineer Daniel C. Wong, the Managing Director of the Sunrise Industrial Co. Ltd. Liu Jingsong and the Assistant Manager International Sales of the Mill Powder Tech Co. Ltd. James Chou signed for their respective entities. Advisor (Press and Media) Mohammad Abu Tayeb, Executive Director (Press and Media) Mohammad Fakhruddin and senior officials of the Bashundhara Group joined the contract signing ceremony that took place at the conference room of the Corporate Headquarters. The estimated daily production capacity of the proposed edible oil refinery is 1000 metric tons while the capacity of the Fractionation Plant is 1000 metric tons, Neutralization Plant is 300 metric tons, water treatment and bottling plant is 550 tons, bottling of the edible oil is 150 metric tons, processing and packaging of the grinded spice is 20 metric tons. The industries are expected to start production by this year end.