• Production of more than 2 million tons per year of Hot Rolled Coils and expandable to 4 million tons in future
  • This plant is an important milestone in localizing the flat steel production in Bangladesh 

Bashundhara Multisteel Industries Limited, the Steel Division of Bashundhara Group, one of the largest business conglomerates in Bangladesh, signed a contract with SMS group to install an integrated facility to produce more than two million tons of hot rolled coils annually with the goal of filling the gap in demand for flat products in Bangladesh. The plant will be located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram. In the future, this plant can be expanded to produce four million tons annually.

SMS group, a world leader in iron and steel technologies, will install the well-proven state-of-the-art CSP® technology to produce hot rolled coils with meltshop in the up-stream along with auxiliaries.

Along with this project, the technicians in the local sector will become more skilled through knowledge transfer and training. With the construction of Bangladesh’s largest integrated facility, Bashundhara Group fulfils its commitment to aid in the growth of this sector. The two teams are now working together with the German and Bangladeshi banking consortia as well as the German Export Credit Agency Euler Hermes to structure the financing for this mega project.

Bangladesh is a remarkable story of economic development to emerge as one of the fastest growing economies in the Asia Pacific region. The steel industry is also growing in equal pace to meet the demands primarily from infrastructure projects, rapid urbanization and shipbuilding industry. Though the steel production in the country is dominated by long products, there is an increasing demand for flat products.

About Bashundhara Group:
Bashundhara Group is one of the large Conglomerates in Bangladesh having 20 sister concerns with versatile business ventures catering to the entire spectrum from heavy to light industries. Businesses include Real Estate, paper, cement, food & beverage, airways, shipping, media and steel. Currently the organization is having around 50,000 direct employees.

Über die SMS group GmbH

SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes – even beyond its core business – and generates worldwide sales of around 2.6 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company’s stated goal. As a global player with German roots, SMS takes responsibility for its 14,500 employees.

Firmenkontakt und Herausgeber der Meldung:

SMS group GmbH
Eduard-Schloemann-Straße 4
40237 Düsseldorf
Telefon: +49 (211) 881-0
Telefax: +49 (211) 881-4902
http://www.sms-group.com

Ansprechpartner:
Kilian Rötzer
Head of Corporate Communications and Marketing
Telefon: +49 (211) 881-4127
Fax: +49 (211) 881-774127
E-Mail: kilian.roetzer@sms-group.com
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