Jt venture fibreglass factory to be set up soon
Monday, 7 June 2010
Grameen Telecom Trust and IES Alliance of Bahrain have agreed to set up a joint venture fibreglass company in Bangladesh, reports UNB.
Nobel laureate Prof Muhammad Yunus and Shahid Ahmed signed the MoU on June on behalf of their respective organisations, according to a message received from Yunus Centre Sunday afternoon.
The company will be named 'Grameen Fibreglass' and produce fibreglass products to popularise bio-gas use, and produce pipes to improve sanitation, sewerage, building materials, boats and furniture.
This will be a social business where owners may recoup the amount equivalent to their investment, but no dividend beyond that.
The factory will be located at the Grameen Social Business Industrial Park at Kashimpur, Gazipur. The factory is expected to go into production by the end of this year.
IES Alliance is a fibreglass company based in Bahrain , owned by Shahid Ahmed, a Bangladeshi with 35 years of experience in producing fibreglass.
Alliance Fibre Glass company offers top quality fibre glass and artificial Marble products within the Gulf region.
Nobel laureate Prof Muhammad Yunus and Shahid Ahmed signed the MoU on June on behalf of their respective organisations, according to a message received from Yunus Centre Sunday afternoon.
The company will be named 'Grameen Fibreglass' and produce fibreglass products to popularise bio-gas use, and produce pipes to improve sanitation, sewerage, building materials, boats and furniture.
This will be a social business where owners may recoup the amount equivalent to their investment, but no dividend beyond that.
The factory will be located at the Grameen Social Business Industrial Park at Kashimpur, Gazipur. The factory is expected to go into production by the end of this year.
IES Alliance is a fibreglass company based in Bahrain , owned by Shahid Ahmed, a Bangladeshi with 35 years of experience in producing fibreglass.
Alliance Fibre Glass company offers top quality fibre glass and artificial Marble products within the Gulf region.