Bashundhara Group to produce LPG cylinder

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Bashundhara Group to produce LPG cylinder
Business Report

Gas shortage has almost stopped new gas connection to homes and business and as an alternative to it the government has decided to promote the use of cylinder gas at all levels.

In this background, the Bashundara Group has launched a cylinder making plant at a cost of Tk 100 crore styled as ‘Basundara Liquified Petroleum Gas Ltd’ (BLPGL) to be set up at Sundarban Industrial complex at Mongla. It will be a mega project to produce international standard gas cylinder.

Managing Director of the Bashundhara Group Sayem Sobhan recently inaugurated the plant at a simple function at the plant site. Senior Deputy Managing Director Belayet Hossain, Deputy Managing Director Mustafizur Rahman, Senior Executive Director Mahbubuzzaman, Advisor Press and Media Mohammad Abu Tayeb, General Manager Sales and Marketing Shahin Ahmed, General Manager Operations Engineer Zahid among others were present.

Mustafizur Rahman speaking on the occasion said that the company would pursue  the policy of serving the nation by offering pragmatic alternative to fuel crisis. “We’ll try hard to make the product affordable and available all over the country,” he said in response to a question on price and supply strategy of the company.

The project has been implemented under the technical support of two Chinese companies -Hunan Technical Import and Export Corporation and Jiangyan City Yuehai Manufacturing Company Ltd.

The installed production capacity of the plant is 100 thousand cylinders of different size a month. It is also expected that the existing LPG marketing companies will take the company cylinders for enhancing the supply of the LPG at the market.

The BLPG has also entered into an agreement with a Danish company – Kris Kossan – to commission another LPG bottling facility at Sundarban Industrial Complex. The new LPG bottling factory is likely to be made operational by January next year.

Currently the BLPG takes LPG feed from Petronas Trading Corporation of Malaysia and delivers as much as 32,000 metric tons of gas to the consumers after bottling at the plant. The company hopes to double its production to 64,0000 metric tons a year when new bottling plant goes into operation.

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