TK Group to set up caustic soda making plant
Monday, 6 August 2007
FE Report
The TK Group of Industries will set up an import-substitute caustic soda manufacturing plant in Dhaka early next year to meet the growing local demand.
The group, which has a combined annual turnover of about Tk. 35 billion, owns a number of industries and is also involved in commodity trading.
The chemical plant is being built by one of its sister concern Samuda Chemical Industries at a cost of Tk 2.10 billion on a 20 acre land at Meghna Ghat in the capital.
Mohammad Mustafa Haider, director of TK Group told the FE that it was setting up the plant following its diversified and growing usage in the country.
"It has diversified uses but mainly for cleaning purposes. We hope that we will be able to meet a major share of the market requirement," Haider added.
There are only a few private and public enterprises which produces this type of chemicals.
Bangladesh Chemical Industries Corporation owns a caustic soda plant but it failed to run the plant viably due to mismanagement and application of old technology.
Opsonin, a private sector pharmaceutical company, is operating a caustic soda plant in Dhaka having a capacity of 35 tonnes a day.
"Our plant is being built with modern technology and it will be a state-of-the-art project," claimed TK Group director Haider who is also managing director of the caustic soda plant.
Samuda Chemical company sources said successful implementation of the project will help reduce the country's dependency on import to a great extent.
The factory will be able to produce about 100 tonnes a day.
But they will initially produce 60 tonnes a day and gradually increase production depending on the demand.
It said the plant will go into production either in January or February next as it has already installed important devices in the plant.
The TK Group of Industries will set up an import-substitute caustic soda manufacturing plant in Dhaka early next year to meet the growing local demand.
The group, which has a combined annual turnover of about Tk. 35 billion, owns a number of industries and is also involved in commodity trading.
The chemical plant is being built by one of its sister concern Samuda Chemical Industries at a cost of Tk 2.10 billion on a 20 acre land at Meghna Ghat in the capital.
Mohammad Mustafa Haider, director of TK Group told the FE that it was setting up the plant following its diversified and growing usage in the country.
"It has diversified uses but mainly for cleaning purposes. We hope that we will be able to meet a major share of the market requirement," Haider added.
There are only a few private and public enterprises which produces this type of chemicals.
Bangladesh Chemical Industries Corporation owns a caustic soda plant but it failed to run the plant viably due to mismanagement and application of old technology.
Opsonin, a private sector pharmaceutical company, is operating a caustic soda plant in Dhaka having a capacity of 35 tonnes a day.
"Our plant is being built with modern technology and it will be a state-of-the-art project," claimed TK Group director Haider who is also managing director of the caustic soda plant.
Samuda Chemical company sources said successful implementation of the project will help reduce the country's dependency on import to a great extent.
The factory will be able to produce about 100 tonnes a day.
But they will initially produce 60 tonnes a day and gradually increase production depending on the demand.
It said the plant will go into production either in January or February next as it has already installed important devices in the plant.