Monday, 8 August, 2022
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SINGER to invest Tk 6.80bn at BSEZ in N’ganj

SINGER to invest Tk 6.80bn at BSEZ in N’ganj
SINGER Chief Executive Officer and Managing Director MHM Fairoz and BSEZ Managing Director Taro Kawachi hold a document of agreement after its signing at Bangladesh Special Economic Zone in Narayanganj recently.

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SINGER Bangladesh Limited in association with its parent organisation and Turkish home appliances giant Arçelik, will invest Tk 6.80bn to build its new manufacturing complex at Bangladesh Special Economic Zone (BSEZ) in Narayanganj.

An agreement in this regard was signed recently between SINGER Bangladesh and BSEZ Limited in Dhaka.

SINGER Chief Executive Officer and Managing Director MHM Fairoz and BSEZ Managing Director Taro Kawachi signed the agreement on behalf of their respective organisations.

Among others, senior officials of both organisations were present at the signing ceremony.

In a statement on this, SINGER CEO MHM Fairoz said “Since SINGER has partnered with Arçelik, we have chalked out mid and long-term goals in Bangladesh. We have already started developing products to match the specific needs of consumers in Bangladesh.”

SINGER has been investing in product development with the support of Arcelik R&D team. The goal is to have the technologies to produce superior quality products, not only for Bangladesh market but also for other countries. We have targeted to position Bangladesh as an export hub in this region, he added.

Construction works of this manufacturing complex will be commenced shortly. The estimated completion period of this manufacturing project is two years. Sustainability in the home appliances industry is one of the key commitments of Arcelik as well as SINGER.

The new SINGER manufacturing complex will produce refrigerators, televisions, washing machines, air conditioners and other major home and kitchen appliances.

The plant will create employment opportunities for up to 4,000 people in different