Shinepukur Ceramics signs MOU Tk 80cr expansion plan to raise output by 150pc
Sun, Jan 18, 2009
Mr. Nazmul Hassan, Chairman of Shinepukur Ceramics Ltd (SCL), and Konrad Schmidling, Managing Director of Ceramic Info Centre, Germany, pose for photo after signing an MoU at the Beximco Corporate Headquarters in Dhaka Sunday. Mr. Salman F. Rahman, Beximco Group Vice Chairman, Group Finance Director OK Chowdhury and Terje Asheim, Chairman, Norag A.S, are also seen in the background. Photo: Beximco In a major expansion move, Shinepukur Ceramics Ltd (SCL), a fully export oriented subsidiary of Beximco Group, today signed an MOU with a German company for setting up an expansion unit of bone china. Mr. Nazmul Hassan Chairman Shinepukur Ceramics Ltd (SCL) and Konrad Schmidling,Managing Director of Ceramic Info Center, Germany signed the agreement at Beximco Corporate Headquarter in Dhaka. The MOU aims at supply erection and Commissioning of SCL's bone china expansion unit to be set up at Beximco Industrial Park having a capacity of 4.5MT per day. The Expansion Will increase production capacity to the Tune of 150 percent over present bone china Production capacity. The expansion project will be completed By October 2009 at an estimated cost of Tk 80 crore which will entirely be financed by Bangladesh Export Import Co. Ltd. (BEXIMCO), the parent company of SCL. Once the expansion project is completed additional export sales of Tk 110 crores and net profit of Tk 20 crores is expected. Shinepukur Ceramics is the single Largest Exporter of ceramic tableware of Bangladesh and contributing around 50 percent of the total export of tableware from Bangladesh. Shinepukur Ceramics Ltd, equipped with the state of the art machineries, has two independent units producing high quality Porcelain, Alumina Hotel Ware, Ivory China and Bone China Tableware. The Porcelain unit has a Capacity of 65,000 pieces. Since commencement of commercial production at the end of 1999, Shinepukur has successfully developed a substantial export market for the top of the line Bone China and Porcelain Tableware and the customer portfolio now includes world-renowned Tableware companies in the UK, USA, Spain, Italy, Australia, New Zealand, Norway, Sweden, Russia, UAE, Denmark, Germany, France, Mexico and Turkey.