Thursday, May 18, 2017

Beximco Group focusing on industrial sector

Beximco Group is clearly focusing on the industrial sector. The company is country's largest company. The company is active in the industrial sector from the early 1970s and concentrates on jute, textiles, basic chemicals, pharmaceuticals, and ceramics. Recently the company is exploring other sectors for investing.



Last year, Beximco Group signed a treaty with China Energy Engineering Corporation for concentrating energy projects in the country. CEO of Beximco Power Company Ltd, Ajmal Kabir, signed the agreement at Beximco Group’s head office. On the occasion, vice chairman of Beximco Group, Salman F Rahman was present and said it is a significant day for the company. Beximco Group will work on three major projects. One is an 8MW capacity solar power plant, one is a 660MW coal fired power plant, and one is a 200MW solar power plant in Gaibandha.



Beximco Pharmaceuticals extended its operations by a great margin last year. It had announced it would start to export hypertensive drug, Carvedilol to the USA. The company is Bangladesh's first pharmaceuticals player to achieve that. Bangladesh can make generic drugs without any intellectual property rights until 2O33 as a Least Developed Country.

Beximco Group is also on the process of setting up a Liquefied Petroleum Gas based power plant with US-based technical partner General Electric (GE). The company already requested the Power Development Board to give it permission.

The group also signed agreements in october 2016 with Chinese companies to produce a total of 3,500 megawatts of electricity in five years. The deals were part of the 13 agreements, worth $13.6 billion, that were signed during Chinese President Xi Jinping's two-day visit to Dhaka. Beximco Group would produce 2,180MW, of which 1,980MW would come from coal-fired plants and 200MW from a solar power plant, according to its Executive Director M Rafiqul Islam. Beximco and its Chinese partners will invest a total of $3.2 billion to produce the power.

Beximco Pharmaceuticals to start exporting in the US

​Beximco Group will develop several energy projects

Beximco eyeing to install LPG-based power plant



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