High-powered team visits PHP Float Glass Factory

A high-powered 35-member government delegation Thursday visited PHP Float Glass Factory at Sitakunda in Chittagong as a part of its plan to give Bangladesh's private sector a competitive edge in the changing global economic scenario.

The visit comes as the first to be followed by a series of factory visits by the Private Sector Development Core Group (PSDCG), under the World Bank-led multi-donor Bangladesh Private Sector Development Support Project (PSDSP).Board of Investment (BOI) director Mamdood Hossain Alamgir, also coordinator of PSDCG, termed the first visit to the factory 'very productive' and said it was an eye-opener for the delegation.He said PHP that uses 70 per cent local raw materials is the role model for local entrepreneurs.The core group on completion of the factory visits will give inputs for designing the policy paper of the PSDSP and help in expediting the private sector development agenda for Bangladesh.
The BOI is the implementing agency.

The aim of the proposed PSDSP, scheduled for a 2006 start, is to help Bangladesh's private sector enhance its competitive strength and successfully meet the challenges of the changing global economic scenario. Speaking on the occasion, PHP Group managing director Mohammad Mohsin said the visit is recognition of the achievement of the company. "The visit testifies to the quality and standard of our products." PHP Float Glass Industries Ltd which went into commercial production recently is capable of producing 54,000 tonnes of glass a year, enough to meet domestic demand. Craig Wilson of South Asia Enterprise Development Facility (SEDF) accompanies the delegation.

600450 High-powered team visits PHP Float Glass Factory glassonweb.com
Date: 19 September 2005
Source: Financialexpress-bd.com

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment