Deshbandhu to invest Tk 138.68m to produce cement bags

21 Dec

thefinancialexpress-bd.com 18 Dec, 2016

The board of directors of Deshbandhu Polymer has decided to import brand new capital machineries from Hongkong, India and South Korea for setting up cement bag manufacturing line. An estimated cost of Tk 138.68 million to be jointly funded with cash and bank financing for installing a 2 Ply PP cement bag manufacturing line under the BMRE (Balancing, Modernisation, Rehabilitation and Expansion) program. After installing the new capital machineries, an estimated annual production capacity will be 25 million pieces bags.

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