Saturday, 10 December, 2022

Asian Paints strengthens its foothold in Bangladesh

Sets up a new, state-of-the-art manufacturing plant in Mirsarai, Chattogram

  • Sun Online Desk
  • 21st November, 2022 06:40:44 PM
  • Print news

Bangladesh, Nov 2022: In a bid to meet the surging demand for Decorative Paint and Waterproofing and construction chemicals in Bangladesh, Asian Paints, the 3rd largest Paint company in the world basis Market capitalisation, has set up a new state-of-the-art manufacturing plant in Bangbandhu Sheikh Mujib Shilpanagar at Mirsarai, Chattogram. The new plant marks the second production facility of Asian Paints in the country.

Spread across 19.44 acres, the new plant has a manufacturing capacity of 25000 KL per annum for paints and allied products, and close to 10000 KL per annum for emulsions. In a strategic layout, the current capacity is expandable as per market demand upto 1,00,000 KL per annum for paints and allied products and close to 20000 KL per annum for emulsions. With the new production facility, Asian Paints will create more than 500 direct and indirect employment opportunities.

The new plant is strategically situated on the southern side of Bangladesh, closure to Chattogram Port, offering the unit locational advantage of Mirsarai economic zone, the largest economic zone in Bangladesh. It is also controlled by BEZA, directly under Primer Minister’s office and offering multiple benefits to the Investors. Additionally, being only six kilometres from the seashore and 16 kilometres from Dhaka-Chattogram highway, Asian Paints benefits from the added advantage of having easy access to key transportation routes from the plant.

Soon after the getting the commercial production commencement approval from the Government, the commercial production from new plant was started from 27th April 2022 onwards and production is being ramped up step by step in line with market demand growth. The inhouse emulsion manufactured from this plant has come up very well and turned around the complete operation by the cutting down the dependency on import in terms of time and cost to boost the economy of country as well as our operations.

Commenting on the new manufacturing unit, Pragyan Kumar, CEO, Asian Paints International Pvt Ltd Singapore, said, “We are committed to bring innovative and world-class products and services to our consumers from Bangladesh. With the increase in consumer demand, the new plant with its state-of- the-art technology will enable us to effectively cater to the growing need of the market while also maintaining product quality and operational efficiency. Bangladesh is one of the fastest growing economy in world and we want to be ready to cater to the demand we are receiving from the market. We appreciate the strong support and fast service rendered by BEZA in setting up the plant and helping us to achieve our goal.”

Speaking on their continued faith in Bangladesh, Mr. Kumar added, “Bangladesh has displayed tremendous potential as a growing economy. Our investment in setting up a new high-tech plant with world-class facilities is a mark of our continued faith in this market. We are aggressive about strengthening our presence here and capturing a larger share of the growing market for paints, waterproofing and related services in the country.”

A unique highlight of the new plant is that it is the first to commence operations in Mirsarai Economic Zone. In addition, the plant is built on a green belt covering 20% of the plot area and equipped with modern technology including DCS control, pneumatic powder conveying systems and inbuilt process safety equipment among others.

Asian Paints began its journey in Bangladesh in 2002 with the establishment of its first manufacturing plant in Gazipur. Today, the company is manufacturing and distributing a wide range of high- performing decorative paint, waterproofing chemicals, marine and industrial protective coating products to consumers across the country. As per available information, Asian Paints has become the 2nd largest paint company in Bangladesh with presence across all 64 districts and 1,400 plus supportive dealer network.

We have immense pleasure in sharing that our Mirsarai plant operation has been inaugurated by honourable Prime Minister of the People’s Republic of Bangladesh on 20th Nov 22. We are very much thankful to Government for honouring us with this recognition.