Skip to main content

Ceramic industry faces hurdles but still booms

By The Economist
The ceramic industry in the country is facing challenges like GSP suspension, high import duty on raw materials, and hike in gas tariff. But even than companies like Shinepukur Ceramics Limited, which is a member of Beximco Group and RAK Ceramics (Bangladesh) Ltd. are doing quite well.

Beximco Group particularly played a major role in development of the sector. This industry faced a lot of changes for last some years but still it is developing day by day. The local ceramics industries can supply 78% of local demands and it is able supply 100% of demands. But this industry may face much difficulty due to high import duty of raw materials, hike in gas price hike. And if authorities reduce such duty, then ceramic industries will be able to fulfill the local demand of tiles. The country imports the raw materials for ceramic industries from India, Japan, Thailand, Vietnam, Germany and New Zealand.

The ceramic companies in the country need to assume the proper market strategies in a bid to compete in domestic and international markets.

Labels:

Comments

Post a Comment

Popular posts from this blog

About Nasir Group

By The Economist
Nasir Group is one of the largest industrial conglomerates in Bangladesh. The industries include industrial glass, tobacco, printing and packages, light engineering, melamine. It is one of the leading industries in glass manufacturing sector of the country. The company started its journey in 1977. Now this group expands in every industrial sectors of Bangladesh like tobacco, melamine, printing and packaging and footwear. Recently it started producing energy saving light bulbs. Nasir group has a great role in socio-economic development of the country. Dominance in Glass Sector Glass is one of the products of Nasir Group of Industry. Nasir group has a vital role to make Bangladesh self-sufficient in glass sector. This company provides a large portion of glasses to meet country’s demand. Nasir group started float glass production in 2005. The company built its glass manufacturing factory in Gazipur at a cost of Tk.300 crore. Nasir Glass now holds more than 40 percent of the total mark...
Post a Comment
Read more

After Beximco Group, Square Group and Pran Group, PHP Family is coming up

By The Economist
Along with Beximco Group, Square Group, Pran Group, PHP Family is contributing immensely to the economic progress of Bangladesh. Beximco Group and Square Group are the top private sector players but companies like PHP Family are coming up. Sufi Mohammed Mizanur Rahman, an ex banker, established PHP Group which was later re-named as PHS Family. PHP Float Glass is a concern of PHP group and is the pioneer of glass industries in the country. Now PHP float glass industry is the largest glass producer. Ample success in Glass sector along with other indusial sector, PHP group is contributing much to the development of the country. PHP float glass industry limited is Chittagong based sister concern of PHP group. Built on 30-acres of land, with a total investment of Tk 300 crore, the PHP Float Glass Industry at Barabkunda of Sitakunda in Chittagong launched its commercial production in 2005.It produces various types of glass according to local demands. It produces clear-glass sheet of 2MM...
1 comment
Read more

IFIC Islamic

By The Economist
IFIC Bank recently unveiled 'IFIC Islamic,' an extensive suite of shariah-compliant banking services. It is designed to provide a holistic array of Islamic financial solutions alongside its regular offerings. The ceremonial launch of 'IFIC Islamic' transpired within the versatile hall of IFIC Tower located at 61, Purana Paltan, Dhaka. Salman F Rahman, MP, an adviser to the Prime Minister on private industry and investment, and the chairman of IFIC Bank, officiated the inauguration as the principal guest. Md Khurshid Alam, the deputy governor of Bangladesh Bank, honored the occasion as the distinguished guest.   IFIC Bank, a leading name in the banking sector, stands as a beacon of trust and reliability. Established to cater to diverse financial needs, IFIC Bank has grown remarkably, offering a wide array of services. Its commitment to innovation and customer satisfaction sets it apart in the competitive financial landscape. Syed Mansur Mustafa, the managing dire...
Post a Comment
Read more