In a significant development for Bangladesh’s chemical industry, Denim Solution Ltd. secured a 2-acre land lease from the Bangladesh Economic Zones Authority (BEZA) on January 22, 2024. The land, located in the Jamalpur Economic Zone, was handed over by the Sheikh Yusuf Harun, Hon’ble Executive Chairman, of BEZA to SM Shohel Rana, the Managing Director of Denim Solution Ltd, during a momentous signing ceremony.
Denim Solutions Limited, a Private Limited Company operating since June 23, 2013, has been a reputable agent of “KAISER,” the global distributor of DyStar Laundry Auxiliaries, based in Dhaka, Bangladesh. With a decade-long history of delivering high-quality products and services, the company has decided to diversify its operations into the manufacturing of essential fabric processing chemicals.
The proposed project is strategically aligned with the needs of the Ready-Made Garments (RMG) sector, which relies heavily on various chemicals in the manufacturing process. Denim Solution Ltd aims to contribute to the chemical industry’s growth by establishing a cutting-edge textile chemical manufacturing facility on the newly acquired land.
The signing ceremony was attended by distinguished personalities, including Sheikh Yusuf Harun, Executive Chairman of BEZA, Md. Mozibor Rahman (Additional Secretary), Executive Member – Investment Promotion, BEZA, and high officials from both Denim Solution Ltd and BEZA.
Sheikh Yusuf Harun appreciated the Denim Solution team for their team effort. He mentioned,” For Jamalpur Economic Zone 400-acre land is planned. For the first phase, 192 acres of land have been allotted for 23 manufacturers and we are almost full. We will have to move for 2nd phase.” We hope Denim Solution Ltd. will set up their manufacturing plant soon and contribute to our national economy, Sheikh Yusuf Harun added.
SM Shohel Rana, the Managing Director of Denim Solution Ltd, expressed his enthusiasm for the project and emphasized the company’s commitment to serving the textile industry since its inception in 2013. He also highlighted the vast potential for industrial growth in Bangladesh’s chemical sector and stressed the importance of government policy support for its advancement.
SM Shohel Rana underscored Denim Solution Ltd.’s dedication to progress through continuous investments in Research and Development. The company aims to enhance its chemical manufacturing capabilities, offering specialized, high-performance chemicals to empower customers in the competitive marketplace while prioritizing environmental sustainability.
This landmark initiative by Denim Solution Ltd signifies a transformative step in Bangladesh’s industrial landscape, promising a brighter future for the chemical industry and overall economic prosperity. The company looks forward to receiving support from the government and stakeholders as it embarks on this transformative journey.
Project Summary:
Land Area: 2 Acres
Project Cost: Tk 405 million
Source of Fund: Equity 30.86%; Debt 67.14%
Form of Equity: Private Limited Company
Implementation Period: 2 Years
Employment Generation: 646
Products: Resin, Enzymes, Anti Back Stain, Hydroxylamine.
Product Use: Fabric Processing in the RMG Sector.
Employment: around 150 workers during the construction period and around 646 employees during operation. Employment is expected to grow by 3%-4% per year considering employment turnover.
Export value: BDT 607.79 million using 70% capacity.
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