Quality security papers locally available now

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Japan Bangladesh Printing & Papers Limited, country's lone private security printing company has sought cooperation from the central bank to save hard-earned money by using the products of the newly launched company.

"I am sure, if the government and the Bangladesh Bank allow us, we can produce the best quality printing products to be used in passports and currencies and thus save more than Tk 7.0 billion now spent annually on importing the security papers from foreign countries," Salim Prodhan, chairman and chief executive officer of Japan-Bangladesh Group told the FE in an interview.

He said Bangladesh imports the security papers usually from European and other developed countries to print passports and paper currencies.

He said Japan Bangladesh Printing & Papers Limited will begin commercial operation by the end of this month aiming to launch the latest global standard printing technology in the country.

The company's products include security printing, offset printing, design and layout, publication printing, commercial printing, digital printing, pre-press services and post-press services.

"We have already started trial operation and the commercial operation will be started by the end of this month," he said.

He said the joint venture company has already invested Tk 1.30 billion and the total investment will be Tk 7.80 billion in near future.

The company's factory is located at Rupgonj of Narayangonj.

"Our company has a huge production capacity with 1.5 million per hour and definitely we are offering the ever best printing services to the clients," Mr Salim who learned a lot of industrial knowledge from Japan said.

Japan-based PCK High-Speed Printing Company Ltd and Naigai Ink Chugoku Hanbai Company Ltd has extended complete cooperation to launch the new company in Bangladesh. [More on P-9]