Rahimafrooz exports car batteries to 12 countries

Rahimafrooz, the pioneer in producing industrial batteries, solar power and IPS (instant power system) in the country. During October-June last fiscal year Rahimafrooz Globatt Ltd exported 1.75 lakh pieces of car batteries worth $5.5 million.
The company is a flagship project under Rahimafrooz’s global expansion plan.
The batteries were exported to 12 countries, including all Saarc nations except Pakistan, which will be free of maintenance costs. Singapore, Kuwait, Qatar, United Arab Emirates, Tanzania, Angola and Namibia are among other countries.
In addition, Globatt plans to export one million pieces of batteries to the Australian and European market this fiscal (2010-11).
The company’s managing director Munawar Misbah Moin said “This was the first-ever initiative of the company’s global expansion plan. And we have been producing batteries that are designed specially for the markets of developed nations, including US, Europe, Korea, Australia.”
“We’ve started exporting from October, and initially, we’ve received huge responses from our clients in 12 countries,” he said.
Rahimafrooz has doubled its annual automotive battery production capacity to reach 25 lakh units, Moin said, adding that the establishment of a world class manufacturing plant is part of the company’s global strategic plan.
The Tk 110 crore project situated in Ishwardi EPZ, which is using the latest technology including business software solution applications and services, went into production in May, 2009.
The project received the country’s first-ever equity investment from Frontier Fund, a local partner of Brummer and Partners, Sweden’s largest hedge fund manager, in January, 2009.

Input From The Daily Star