Country's largest chemical plant to be launched in August
Jasim Uddin Haroon | Thursday, 26 June 2008
The country's largest chemical plant will be commissioned in August next, which will produce a number of import-substitute products for local industries, particularly the textile, company officials said Wednesday.
Chittagong-based Aziz Group and CBN have set up the plant jointly at Sreepur in Gazipur on 42 bighas of lands. This is the first such plant built under private sector in Bangladesh.
The plant -- ASM Chemical Industries Limited -- built at a cost of Tk 2.5 billion is now ready to introduce six high quality chemical products.
These are Caustic Soda, Chlorine, Sodium hypo chlorite, Hydrochloric Acid, Stable Bleaching Powder, Chlorinated Paraffin Wax and Hydrogen Peroxide for the local and international market.
The chemicals are mainly used in textile, soap and detergent factories.
Company sources said the ASM Chemical Industries Limited is one of the few plants in the world where Caustic and Hydrogen Peroxide are produced simultaneously. The plant will be using German, Swiss, Norwegian and Japanese technologies.
While talking to the FE, Joynal Abedin Chowdhury, Chief Executive Officer of the ASM Chemical Industries said it is going to roll out quality products with international standards.
"Our plant will help the country save foreign exchange worth at least Tk 1.5 billion initially a year," said the chief executive officer of the ASM Chemical Industries Limited . Local industries are currently using those chemicals through imports from China, Belgium, the United Arab Emirates and other countries.
Only TK Group, a local company, built a plant of Hydrogen Peroxide recently.
The ASM Industries Limited has set up a 10 megawatt Power Plant at its premises to maintain uninterrupted production.
It has also employed around 400 people, which include a large number of foreign-trained personnel.
Chittagong-based Aziz Group and CBN have set up the plant jointly at Sreepur in Gazipur on 42 bighas of lands. This is the first such plant built under private sector in Bangladesh.
The plant -- ASM Chemical Industries Limited -- built at a cost of Tk 2.5 billion is now ready to introduce six high quality chemical products.
These are Caustic Soda, Chlorine, Sodium hypo chlorite, Hydrochloric Acid, Stable Bleaching Powder, Chlorinated Paraffin Wax and Hydrogen Peroxide for the local and international market.
The chemicals are mainly used in textile, soap and detergent factories.
Company sources said the ASM Chemical Industries Limited is one of the few plants in the world where Caustic and Hydrogen Peroxide are produced simultaneously. The plant will be using German, Swiss, Norwegian and Japanese technologies.
While talking to the FE, Joynal Abedin Chowdhury, Chief Executive Officer of the ASM Chemical Industries said it is going to roll out quality products with international standards.
"Our plant will help the country save foreign exchange worth at least Tk 1.5 billion initially a year," said the chief executive officer of the ASM Chemical Industries Limited . Local industries are currently using those chemicals through imports from China, Belgium, the United Arab Emirates and other countries.
Only TK Group, a local company, built a plant of Hydrogen Peroxide recently.
The ASM Industries Limited has set up a 10 megawatt Power Plant at its premises to maintain uninterrupted production.
It has also employed around 400 people, which include a large number of foreign-trained personnel.