FROM PAGE B1

“Our company has undertaken a new investment project, which is a 100 percent export-oriented unit,” said Kamruzzaman Kamal, marketing director of Pran-RFL Group.

“Under this project, we will produce plastic products on a large scale in Bangladesh and export them entirely to international markets,” he said.

According to him, the current economic situation of the country is somewhat unstable, with the impact of the recession being observed in both domestic and international markets.

“In this scenario, we believe that a strong export-based initiative can make a significant contribution to the economy,” Kamal said.

“We are investing approximately Tk 200 crore in this project. To implement the project, we are partnering with a renowned Chinese technology company that will supply advanced machinery,” he added.

He said the investment would cover the procurement of high-end manufacturing equipment and the construction of a sophisticated facility. He also stated that the funding for the project would be sourced from both RFL’s own capital and bank loans.

The industrial park is located in Kaliganj, Gazipur, where the new production unit is being established. The factory will manufacture various plastic products that meet international standards, primarily targeting markets in North America and Europe.

“Our initial target is to produce plastic goods worth approximately $43 million, with plans to increase this amount in the coming years,” Kamal said.

He further stated that they aim to commence production by April or May this year. According to Kamal, export revenue is projected to increase by 30 percent, further solidifying RFL’s position in the global market.

He also mentioned that despite the factory not being fully completed yet, the first set of export orders had already arrived, with an estimated value of $6 million.