AkijBashir
Group's project 'Akij Glass Industries Limited' has been a testament to
resilience, implemented over a period of more than five years. Despite challenges
such as the COVID-19 pandemic and economic crises in the country's banking
sector, the group has shown unwavering determination. Now, 'Akij Bashir Glass'
is ready to enter the market commercially, a true testament to the group's
commitment and perseverance.
Akij
Glass Industries Limited has established a factory on 125 acres of land in
Madhabpur Upazila of Habiganj. Several banks and financial institutions funded
the construction of the factory, which is expected to directly employ nearly
one thousand people. The investment in constructing the factory has been
approximately BDT 2,200 crore.
The
concerned people have said that production of various high-quality glass types
for household use has commenced at the factory. The daily production capacity
is 600 tons. The modern manufacturing plant aims to enhance product value
addition. It features state-of-the-art sand purification methods, significantly
improving glass cleanliness. The portfolio includes clear-color reflective
products of all kinds. The institution is poised to focus on adding new value
in the coming days.
SK Bashir Uddin, the Managing Director (MD) of AkijBashir Group, said to Bonik
Barta, "The plan for this investment was made five years ago due to
complications arising from COVID-19 and subsequent challenges in opening LCs
(Letters of Credit). Now, we are producing the 'Best Possible' glass in
Bangladesh. On Monday (July 15), we are commercially launching our products for
the first time. The investment in this project amounts to BDT 2,200 crore,
mainly financed through banking arrangements.
SK Bashir Uddin addeded that they have utilized 71 percent renewable and
waste-fuel energy in the project. They have a fully circular waste treatment
facility where water is ensured to be fully reused. Groundwater usage has been
minimized.
Claiming
to be the best sand treatment plant in the region, the AkijBashir Group
Managing Director said, "We hope to produce the best quality glass. The
quality of glass is determined by the presence of iron particles. Our
state-of-the-art sand processing ensures the highest clarity compared to any
other glass with the lowest amount (PPM) of iron particles."
He
further stated, "Our project includes the most skilled waste management
system in the country. Consequently, the least waste will be used here.
Considering the dimensions of the glass, our glass panels are the most
flexible. We have taken environmental considerations into account in our
current value-added propositions. Within one or two years, we plan to introduce
various refined glass products to the market."
Regarding
the potential for exports, SK Bashir Uddin said, "There is indeed
potential for exporting these products to neighboring countries. However, our
goal is to meet daily essential needs and export value-added glass products. We
aim to bring products like shower enclosures and mirrors, particularly to
advanced global markets. We believe it will take us several years to establish
such value-added product exports."
Industry
stakeholders claim that glass sales amount to approximately BDT 4,000 crore annually.
The country consumes about 500,000 tons of glass each year due to rapid
urbanization, increasing at an average rate of 15 percent over the past decade.
Transparent, colored, and reflective glass types are widely used in the
country. Major glass production entities in Bangladesh include Nasir Glass
Industries and PHP Float Glass Industries. AB Glass and the state-owned Usmania
Glass Sheet Factory also operate in this sector.