BM Desk : A Tk 200 crore investment has been announced by RFL Group, a producer and exporter of household plastic products, to expand the export market. This will enable the establishment of a new factory and equipment at Kaliganj, Gazipur’s RFL Industrial Park. This factory was set up to produce only goods that could be exported.
RFL Group will sign an agreement with China’s Haitian Group in a hotel in the capital today.
On this occasion, a view-exchange meeting was organized with journalists at the PRAN-RFL Center in the capital yesterday. At this time, PRAN-RFL Group Director (Marketing) Kamruzzaman Kamal said, “Although it is a bit risky in the current context of the country, this investment is a milestone for us. As a result of the addition of new equipment, the factory will go into production between April-May. Haitian Group, the world’s leading plastic machinery manufacturer, will supply, install and commission high-quality injection modeling machines.’
He said that PRAN-RFL Group is already exporting household products to Europe. This time, the goal has been set to enter the North American market.
The director of PRAN-RFL Group said, ‘Due to the US ban, many Chinese companies are not able to export products. Taking advantage of this opportunity, we are working on market development. There are also plans to capture the markets of several more countries.’
Regarding labor welfare and employment, Kamruzzaman Kamal said, ‘100% compliance will be followed in export-oriented units in terms of investment. Health and safety of employees, infrastructure development and good medical care will be ensured. An environmentally friendly ETP will be installed in the waste recycling management of the factory. Besides, the new factory will provide employment to about 2,500 people.’
Pran-RFL Group General Manager (Export) Salauddin Sikder mentioned the potential of export trade in a meeting with journalists. He said, ‘The new factory will be able to produce products worth $42 million annually. This will increase the company’s export income by 30 percent. A $6 million purchase order has already come in for the new factory, one of the largest export orders in the private sector outside the apparel sector.”
He said that the new factory will produce household products of various designs, which will include containers, toys, tableware, kitchenware.
RFL Group’s export activities started in 2007 with the export of household plastic products to India. Currently, their products are available in 80 countries of the world and exports are increasing at a growth rate of 20 percent per annum. Currently, the company is exporting 500 types of products in 30 categories.
