Posted on 20 Sep 2022
To close the gap between supply and demand for flat products, especially hot rolled coil, in Bangladesh, Bashundhara Multi Steel Industries (BMSIL) aims to install a HRC production facility in the nation.
BMSIL, the steel division of Bashundhara Group, has inked an integrated HRC production facility installation pact with SMS, for a 2 million tonnes/year HRC production unit in Mirsharai, Chattogram. According to SMS, this plant can be expanded in future to produce 4m t/y, Kallanish notes.
SMS’s scope of delivery includes installing the CSP technology to produce HRC, along with an upstream meltshop and auxiliaries.
“With the construction of Bangladesh's largest integrated facility, Bashundhara Group fulfils its commitment to aid in the growth of this sector,” says SMS. “The two teams are now working together with the German and Bangladeshi banking consortia as well as the German Export Credit Agency Euler Hermes to structure the financing for this mega project.”
Bashundhara Group is one of the largest conglomerates in Bangladesh, encompassing 20 concerns with versatile business ventures catering to the entire spectrum from heavy to light industries. Businesses include real estate, paper, cement, food & beverage, airways, shipping, media and steel.
The Bangladeshi steel industry is growing at an equal pace to meet demand primarily from infrastructure projects, rapid urbanisation and the shipbuilding industry. Though steel production in the country is dominated by long products, there is increasing demand for flat products.
Source:Kallanish
