GPH Ispat to go for large scale expansion

GPH Ispat Ltd has decided to go for large scale expansion plan and enhanced the production capacity of MS Billet and MS Rod by installing ultra-modern machineries with a cost of Tk 17 billion.

“For this, the board of directors of GPH decided to make an agreement with Primetals Technologies Austria Gmbh, Austria (a joint venture of Siemens and Mitsubishi Heavy Industries & Partners) for supplying of machineries,” said Mohammed Jahangir Alam, managing director of GPH Ispat, while sharing the details on the expansion plan with the media Photo-2in Dhaka today (14 Jan, 2016).

And the ultra-modern long steel technology by enhancement of production capacity of MS Billet for 840,000 M. Ton (per annum) and MS Rod, Medium Section Product (Steel bim, Angle, Channel, Flat bar etc. for 640,000 M. Ton (per annum), said Mr Alam.

The said enhancement of production capacity will be added to the existing annual capacity of 168,000 M. Ton MS Billet and 120,000 M. Ton MS Rod, he said.

After expansion, the total capacity will reach to 1,008,000 M. Ton in case of MS Billet whereas the capacity of MS Rod and medium section product will be 760,000 M. ton per annum, said the Managing Director.

The approximate total cost of the said expansion plan is Tk 17 billion which will be implemented in two phases. The cost of the expansion will be arranged from owners’ equity and from bank/financial institution loan.

Each share of GHP Ispat closed at Tk 45 on Tuesday. The Chittagong-based engineering sector company was listed on the Dhaka bourse in 2012.


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