Category Archives: Industrial/Manufacturing and Export Processing Zones

Victory Day concert highlights local products

http://www.newstoday.com.bd/index.php?option=details&news_id=47392&date=2011-12-19

Victory Day concert highlights local products
News Report

A grand concert, Walton Victory Festival Mega Concert, was held at Birshrestha Mostafa Kamal Stadium at Kamalapur in the city on Friday highlighting local industries and products.

To celebrate the 40th anniversary of Victory Day, Walton organised the concert in association with Ministry of Liberation War, Onemore Zero Communications and Channel I.

The six-hour concert, which was open to all, enthralled the audience with both patriotic and popular numbers by leading singers and bands of the country.

Renowned singers Runa Laila, Sabina Yasmin, Shuvro Dev, Hasan, Kaniz Suborna, Momtaz, Pothik Nobi, Hyder Hossain, Kanak Chapa, Aiub Bachchu, Subir Nandi, Biplob, Monir Khan, Fuad and Ebrar Tipu performed at the concert. Musical bands Shurna, Miles and Sheronamhin also performed at the concert.

All the performers presented at least one patriotic number each along with their trendy tracks. Some private television channels will telecast the programme next Friday considering the request of public.

At the programme a documentary film was displayed highlighting the history and potentiality of local industries and products. It also highlighted the glorious history of Bangladesh cricket.

Chairman of Walton Megashop Mizanur Rahman presented a crest to Chairman of Bangladesh Cricket Board AHM Mostafa Kamal.

In his speech, Mizanur Rahman said: “In 40 years, Bangladesh has made huge success in different sectors including garments, shipbuilding, pharmaceuticals, cement and real estate”. Bangladesh is doing well in electronics and automobile. Heavy and high-tech factories have been established in the country. Walton Hi-tech Industries set up in Gazipur is manufacturing world standard and qualitative products. Walton brand fridge, television, motorcycle, air-conditioner and other products are being exported to different countries including developed ones in Europe, he said.

“It is a matter of pride for us that Walton is now not only a product name rather that it has become a brand. Different products written ‘Made in Bangladesh’ are building country’s good image”, Mizanur Rahman said.

Walton Boishakhi Star has been introduced in a bid to seek several brand ambassadors among the local showbiz stars. In future, Walton also will take different initiatives to flourish local culture and promote local artistes, he also said.

12 factories adopt Cleaner Production

http://www.theindependentbd.com/business/finance/85241-12-factories-adopt-cleaner-production.html

12 factories adopt Cleaner Production
New move on rectification of inefficient industries for a competitive tomorrow
Author / Source : Nilufer Zahan- Ara Ferdous

DHAKA, Dec 17: International Finance Corporation(IFC), in partnership with Solidaridad, a Dutch nongovernmental organisation, has launched Cleaner Production (CP) in Bangladesh. They, along with technical partners Adroit Environment Consultants Ltd (AECL) and Reed Consulting (Bangladesh) Ltd and marketing partner Brandzeal Consultancy, have come together offering a comprehensive method to achieve higher levels of resource efficiency.

Cleaner Production is an initiative to help industries identify and rectify inefficiencies so that their operations become more streamlined, more cost-efficient and more environment-friendly in future.

CP is a five-step process, starting with a baseline assessment to identify each individual factory’s cost-cutting opportunities. Then, together with the firm, the necessary steps are implemented. This is followed by formation of user groups – a common platform for CP users to share their challenges and learning — and discuss potential improvements. Finally, an evaluation of the process depicts just how effectively CP has cut costs.

What makes CP a practical solution is its non-disruptive nature. Changes can be brought about with minimal down time for machinery. For instance, installation of an economiser (an equipment for boiler function) can be carried out within three to four days. The average wet processing factory has a total of around twenty off days in a year, so changes such as these can be easily incorporated without incurring additional down time.

Secondly, CP is not a big investment. Once the baseline assessment is done, the factory may choose to adopt Cleaner Production bit by bit, and monitor how cost effective their investments are. A firm may choose to implement all the recommended components over a span of several months or even a few years. However, most components of CP have very short payback periods, and cost savings occur on a continuous basis.

To test its effectiveness, CP’s one-year pilot programme was launched in August 2010 with 12 textiles processing firms. Data from the pilot programme of CP, launched in December 2010 with twelve factories of varying production capacities, showed that it was possible to achieve cost savings of approximately US $800,000 over one year by these twelve firms. Assuming similar distribution of factory and production sizes across the industry, adoption of CP by 50 per cent of the industrial units, which comprises of 1700 firms, can yield cost savings of approximately US $ 680 million. These are results achievable by just the textiles processing sector. While CP is being presently targeted towards only the textile industry, it can be implemented in all manufacturing industries of the country.

Even at individual levels, CP ensures very quick results in terms of resource efficiency. “When we compared 2010 with 2011 data,” says Md. Zahid Ullah, deputy general manager of corporate affairs at DBL Group, “we saw that our gas consumption reduced by around 2per cent, electricity consumption by around 14 per cent and water consumption was down by around 20per cent, in terms of per kg of production. The minimum average benefit here for us per year is US $175,000 – $200,000.”

“At the very beginning our water consumption was 300 litres per kg of fabrics,” says AKM Mohsin Ahmed, general manager Dyeing), Knit Concern Ltd. “After CP, our water consumption has gone down to 100 to 120 litres per kg.”

CP is not a brand new concept any more. China has been practicing Cleaner Production for over a decade, and they are by far the market leader in the apparels sector.

Bangladesh has demonstrated laudable competitiveness to become the world’s second largest knitwear exporter. Yet, China remains at a different league altogether. Compared to China’s $120 billion total textile export in 2009, Bangladesh exported $15.56 billion worth of textiles. Competing with such a global giant requires foresight – to act before it is made compulsory by the regulatory body, and to adopt innovative technologies that turn possible challenges into cost-saving opportunities.

Bangladesh’s companies who have adopted the Cleaner Production concept include Comptex BD Ltd  of Robintex Group, Hamza Textiles Ltd of DBL Group, Knit Concern Ltd, Fakir Knitwear  Ltd, Apparel Wet Processing Ltd of ABA Group, Interstoff Apparels Ltd, Liberty Knitwear Ltd of  Micro Fibre Group Utah Knitting & Dyeing Ltd, SF Washing, Multi-fabs Ltd, Cosmopolitan Industries Ltd and Tarasima Apparels Ltd.

LG, Butterfly eye electronics plant in Bangladesh

http://www.thedailystar.net/newDesign/news-details.php?nid=214401

LG, Butterfly eye electronics plant in Bangladesh
Star Business Report

South Korean electronics giant LG Electronics and local Butterfly Marketing are likely to set up a factory with a total investment of $500 million to assemble electronics products in Bangladesh, according to an official.

The first phase of the project will start next year with a joint venture entity to assemble refrigerator, Mustafizur Rahman Shazid, director (sales & marketing) of LG products distributor Butterfly Marketing Ltd, told The Daily Star by phone.

A number of electronics products such as television, microwave oven, air-conditioner, washing machine and other home appliances will be made at the factory to cater to the local market, now growing at 10-15 percent a year, according to the official. The factory will be set up at Bhaluka in Mymensingh, said Shazid.

He said the factory will employ around 5,000 people in the county after the completion of the project.

Earlier in the day, a delegation of LG Electronics called on Industries Minister Dilip Barua at his office and shared its intention to invest in Bangladesh, according to a statement issued by the industries ministry yesterday.

LG Electronics Vice President Junhwan Kim was present, among others, at the meeting. The delegation appealed to the government for allocating 100 acres of land in a special economic zone that the government plans to establish in future to promote investment.

Will Bangladesh replace China in low-value manufacturing?

http://blogs.ft.com/beyond-brics/2011/12/15/bangladesh-a-chinese-stitch-up/

Bangladesh: a Chinese stitch-up?

Bangladesh could be this decade’s great usurper if it manages to sidle into the low-value manufacturing gap China is leaving in its wake as it moves up the value-adding ladder. And if a report by McKinsey, the consultancy, is correct the ready made garment sector is one place where Bangladesh is ready to strike.

Continue reading at: http://blogs.ft.com/beyond-brics/2011/12/15/bangladesh-a-chinese-stitch-up/

EPZ to get 2 new investments

http://thenewnationbd.com/newsdetails.aspx?newsid=25671

EPZ to get 2 new investments
Business Report

A local Bangladeshi company is going to establish a central effluent treatment plant (CETP) in Comilla Export Processing Zone and two fully foreign owned Chinese companies M/s. Trillion Gold Ltd and M/s. Million Gold Ltd  will set up a eyelashes, beard and wig manufacturing industry in Uttara Export Processing Zone with an invest $ 5.048 million, which will create employment for 226 Bangladeshi nationals.

100pc local owned Bangladeshi company M/s Sigma Engineers Ltd will invest $ 4.872 million aiming to treat every year 5,475.000 cubic meters liquid effluent of the zone.

Deal inked with China company

http://www.theindependentbd.com/business/others/84223-deal-inked-with-china-company.html

Deal inked with China company
Author / Source : STAFF REPORTER

DHAKA, DEC 11: Aiming to establish the proposed Shahjalal Fertiliser Factory with the financial support of China, a commercial loan agreement was signed between Bangladesh and China on Sunday.

This is the largest project in foreign investment taken up by the present government. Md Golam Rabbani, chairman of Bangladesh Chemical Industries Corporation, Zou Baozhong, chairman of China National Complete Plant Import and Export Corporationa Ltd. (COMPLANT), its vice-president Li Fengwei, and Cao Guang, chairman of Chengda, inked the deal at the BCIC conference room in the city.

Industries minister Dilip Barua, industries secretary KH Masud Siddique, Chinease ambassador to Dhaka Zhang Xianyi and high officials of the ministries of industries and planning, BCIC and China Embassy also attended the signing ceremony.

The establishment cost of the proposed fertiliser factory would be Tk 5409 crore. Of which, Tk 3987 crore and the rest Tk 1422 crore would be supplied by the government of China and Bangladesh repectively.

Exim Bank of China will provide the credit assistance at 2 per cent interest rate which will have to be repaid within 20 years.

Daily 1760 tonnes and annually 580800 tonnes of uria will be produced in the proposed factory. Besides, daily 1,000 tonnes and annully 330000 tonnes of amonia will be produced. As per the agreement, the COMPLANT will hand over the complete factory to the BCIC within 38 months on productive conditions.

During this time, the Chinese company will have to finish some other different activities, including development of necessary land, soil test, utility services and training of BCIC’s workforce.

WB to provide $29mn for creating jobs in EPZs

http://www.theindependentbd.com/business/others/83111-wb-to-provide-29mn-for-creating-jobs-in-epzs.html

WB to provide $29mn for creating jobs in EPZs
Author / Source : Independent Online report

DHAKA: The World Bank will provide US$ 29 million for creating jobs in the country’s Export Processing Zones (EPZs) for 11,000 poor women of Monga-prone areas.

The government on Sunday signed a US$29 million financing agreement with the World Bank for the Northern Areas Reduction of Poverty Initiative (NARI) project, said a World Bank press release.

It said the project will help the vulnerable women overcome the difficulties of migration and get a chance to successfully adapt to a new life.

The credit from the International Development Association (IDA), the World Bank’s concessionary arm, has 40 years to maturity with a 10-year grace period; it carries a service charge of 0.75 percent.

NARI project would facilitate successful migration of around 11,000 poor women from five northern Monga-prone districts – Gailbandha, Kurigram, Lalmonirhat, Nilphamari, and Rangpur.

These women would receive technical and life-skills training, transitional housing, counseling and job placement services. Migration of poor women from the impoverished northwestern districts to formal employment in the garment sector is substantially lower than that of poor women from other parts of the country.

“The NARI project is the first World Bank-financed operation in South Asia with a specific focus on the empowerment of vulnerable women through employment in a formal sector,” said World Bank Country Director Ellen Goldstein.

“It has the potentials of fundamentally changing the lives of thousands of poor rural women, and possibly many more once the pilot is scaled up to other parts of Bangladesh and other sectors, if successful.”

The project will also undertake awareness raising activities in the pilot districts. The candidates, to be selected through a screening process, will be helped find employment in Dhaka, Karnaphuli, and Ishwardi Export Processing Zones (EPZ). Training centers and dormitory for transitional housing will be constructed in these EPZs.

The training centers will accommodate 300 trainees at a time. The dormitories attached to the training centre will accommodate 600 women for a transitional period of six months. The graduates will also get assistance for finding permanent housing.

The project directly contributes to the government’s pro-poor growth vision said ERD secretary Iqbal Mahmood.