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Dependence on India for cotton increases

Bangladesh's dependence on India for cotton is on an upward trajectory as reports suggest the country imports 49 per cent cotton from India to meet its demand for textile industry. Data by Bangladesh Textile Mills Association (BTMA) reveals that Bangladesh imported 6.10 million bale cotton in 2015 with India accounting for 49 per cent or 2.99 million bale. cottonAs per the data, at 2.99 million bale(One bale weighs 480 pounds or 218 kg) the imports grew 36 per cent year on year. In 2014 Bangladesh's imports from its neighbour ro...

Sumitomo gets order for aviation security equipment

Sumitomo Corporation (head office: Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura), together with NEC Corporation (‘NEC’; head office: Minato-ku, Tokyo; President: Nobuhiro Endo), NEC Networks & System Integration Corporation (‘NEC Networks & SI’; head office: Bunkyo-ku, Tokyo; President: Masao Wada), Morita Corporation (‘Morita’; head office: Sanda, Hyogo Prefecture; President and Representative Director: Kazumi Ogata), and SANWA COMSYS Engineering Corporation (‘SANWA COMSYS Engineering’; head office: Suginami-ku, Tokyo; biman-300

Clarke Energy to supply GE’s diesel engines for Walton

Walton Group has selected Clarke Energy to supply three of GE’s new 616 diesel engines to generate on-site power at Walton Group’s factory in Gazipur, Bangladesh. The three 2.5-megawatt (MW) engines are the first 616 diesel engines to be deployed in Bangladesh. Clarke Energy is GE’s authorized multi gas and diesel engine distributor in Bangladesh. The three diesel engines are expected to provide more reliable power to support factory production in the face of local power grid instability. The diesel units also will deliver walton

Bangladesh allows jute export to Pakistan

Bangladesh has allowed export of 11,000 tons of jute to Pakistan, which was booked before exports were banned in November 2015, but shortage may still occur as Islamabad has not taken up the matter with Dhaka to get the issue resolved immediately, says a local industry official. “Pakistan Jute Mills Association will meet local demand after receiving jute consignments for which letters of credit were established before imposition of the ban on exports by the government of Bangladesh,” a spokesman for the association said in a statement on Thursday. With sufficient supply, he said, the jute industry would be in a position to meet the demand of federal and provincial governments this year.

Tea prices end 3-week climb

Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a three-week run of gains due to higher volume of poor grades on offer, but strong demand for quality leaf capped the slide. Bangladeshi tea fetched an average 193.38 taka ($2.44) per kg at the 35th auction of this marketing season, slightly down from 193.87 taka in the previous sale, a National Brokers executive said. About 1.81 million kg were offered at the sole auction centre in the port city of Chittagong, of tea-gardenwhich 23 ...

LafargeHolcim to increase limestone production

LafargeHolcim plans to increase production of limestone from its Nongtrai mines in Meghalaya’s East Khasi Hills district, Bangladesh, from two to five million tonnes per year. The company also plans to export limestone. The company has received notice from the Meghalaya State Pollution Control Board for a Lafargepublic hearing on the expansion plan at Nontrai for excavation of limestone. In 2009, the company had applied to Union Ministry of Environment, Forests and Climate Change for environmental clearance, says a report. Meghalaya-based Lafarge Umia...
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