CHITTAGONG, Feb 24: The Saad Musa industrial park, the second specialised industrial zone in Chittagong after Korean Export Processing Zone (Korean EPZ), started partial operation Sunday with the commissioning of gas line.
With gas available from the Karnaphuli Gas Distribution Co, four mills in the exclusive industrial complex started producing textile and cotton yarn, said Saad Musa group managing director Mohammed Mohsin.
Four other industries of the group are under construction and are expected to go into commercial production in a few months, he said, adding there is a plan to construct a total of 24 industries in the zone.
Total production capacity of the mills now in operation is 50 metric tons of yarn and 1,25,000 meters of fabric a day, he told the FE this morning.
Another official in the group said they have been relocating their existing textile and woven plants from Bottoli in the Kulgaon Jalalabad area on the outskirt of the city to the industrial park at Anwara on the south bank of the river Karnaphuli.
Parts of the relocation scheme of factories have already been completed while completion of the relocation of all the factories will take some months, sources said.
The Saad Musa Group also plans to construct a giant housing scheme on its current office-cum-factory area on the east of the Chittagong-Hathazari road, which would be a calm and serene location for housing for the city dwellers.
Saad Musa Group of Industries, a rapidly expanding corporate house with over a dozen of 100 per cent export-oriented world-class woven fabric manufacturing units and jute mills, is also active in housing and other sectors.
Major production of the Group's industries are home and specialised textiles, jute yarn and readymade garments exported to the European countries, US, Canada, Middle East countries and India with an annual turnover of Tk. 10 billion.
Getting gas connection is a dream come true, Mohsin said adding that the Group had been waiting to get gas connection to the industrial park for the last two years.
He has plans to set up highly-technical pharmaceuticals, jute yarn industries, knit compost textiles, terry towel industries, denim project, food processing industry, soap industry, Dalda and soybean oil industry and modern garments and household textile industries in the industrial zone, he said.
