Appollo Ispat Complex Limited on Monday said it would set up a galvanising plant with non-oxidised furnace technology for producing CI sheets in environment-friendly manner.
The NOF is a rapid heating furnace that eliminates hydrochloric acid and lead at the final stage of galvanising process making it environment friendly, said a company news release issued on the day.
AICL deputy managing director Abdur Rahman, while talking to reporters at Dhaka Club in the city on the day, said the company was trying hard to improve its quality and production capacity.
‘We have been relentlessly trying to reach the target by overcoming all hurdles including global recession and lack of infrastructure,’ he said.
Rahman said introducing NOF would increase existing production capacity by 20 per cent and would be cost effective as well.
AICL, which was listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange in 2013, declared 15 per cent dividend for its shareholders for the year ended on June 30, 2014.
-With New Age input
