- Production of more than 2 million tons per year of Hot Rolled Coils and expandable to 4 million tons in future
- This plant is an important milestone in localizing the flat steel production in Bangladesh
SMS group, a world leader in iron and steel technologies, will install the well-proven state-of-the-art CSP® technology to produce hot rolled coils with meltshop in the up-stream along with auxiliaries.
Along with this project, the technicians in the local sector will become more skilled through knowledge transfer and training. With the construction of Bangladesh's largest integrated facility, Bashundhara Group fulfils its commitment to aid in the growth of this sector. The two teams are now working together with the German and Bangladeshi banking consortia as well as the German Export Credit Agency Euler Hermes to structure the financing for this mega project.
Bangladesh is a remarkable story of economic development to emerge as one of the fastest growing economies in the Asia Pacific region. The steel industry is also growing in equal pace to meet the demands primarily from infrastructure projects, rapid urbanization and shipbuilding industry. Though the steel production in the country is dominated by long products, there is an increasing demand for flat products.
About Bashundhara Group:
Bashundhara Group is one of the large Conglomerates in Bangladesh having 20 sister concerns with versatile business ventures catering to the entire spectrum from heavy to light industries. Businesses include Real Estate, paper, cement, food & beverage, airways, shipping, media and steel. Currently the organization is having around 50,000 direct employees.
