November 22, 2008

BSRM to start commercial production

It is reported that Bangladesh's largest steel plant BSRM Steel Limited with the yearly producing capacity of 375,000 tonnes will start commercial operation from Saturday.

The report quoted Mr Alihussain Akberali chairman of the BSRM Group claimed that this is one of the largest steel plants in South Asia, as only TATA and Essar of India have plants exceeding the production capacity of the plant.

He said that "We are formally commissioning production in the new plant Saturday. The new steel plant, a subsidiary of BSRM Group, has been set up in Bangladesh's southeastern port city Chittagong at a cost of around BDT 4.7 billion (USD 67 million”).

Mr Akberali said that the steel rod the plant will produce might get market in Middle East countries. He said that "We will consider to export the product after meeting demand of local market as it has tremendous potentialities in the Middle East.”

The BSRM Group, involved in steel sector since 1930 in the region, has an annual turnover over BDT 9 billion (USD 129 million).