Bdnews24.com . Dhaka
Shinepukur Ceramics Ltd has signed a memorandum of understanding with a German company for setting up an expansion unit of bone china.
The deal was signed Sunday to boost Shinepukur’s bone china output by 150 per cent. Nazmul Hassan, chairman of Shinepukur Ceramics Ltd, and Konrad Schmidling, managing director of Ceramic Info Centre, Germany, signed the expansion agreement at Beximco Corporate Headquarters in Dhaka.
Under the deal, Germany’s Ceramic Info Centre will erect and commission Shinepulur’s bone china expansion unit, to be set up at Beximco Industrial Park, having a capacity of 4.5 tonnes a day.
The expansion is scheduled for completion in less than 10 months ‘at an estimated cost of Tk 80 crore which will entirely be financed’ by Beximco, the parent company of ‘fully export-oriented’ Shinepukur.
‘Once the expansion project is completed additional export sales of Tk 110 crore and net profit of Tk 20 crore is expected,’ a Group statement said.
‘This is a reflection of the business community’s confidence in the democratic process and in the new government,’ said Salman F Rahman, deputy chairman of the Beximco Group.
‘We are also planning to expand our existing plants and exploring new avenues to invest,’ Salman Rahman told the news agency.
With around 50 per cent of the Bangladesh’s total tableware export, Shinepukur Ceramics is clearly the market leader in the country’s ceramic tableware industry.
The company now has two independent units, producing high quality porcelain and bone china tableware. The porcelain unit has a capacity of 65,000 pieces.
Since the launch of commercial production at the end of 1999, Shinepukur has made rapid inroads into the export market, with a customer portfolio that includes world-renowned tableware companies in the UK, the US, Spain, Italy, Australia, New Zealand, Norway, Sweden, Russia, UAE, Denmark, Germany, France, Mexico, and Turkey.
Courtesy: newagebd.com
