Berger Paints to produce construction chemicals
Berger Paints Bangladesh is on way to manufacture construction chemicals and provide associated solutions from next year.
“A manufacturing unit is being constructed in Narayanganj,” said Rupali Chowdhury, managing director of the company.
It would be a Tk 60 crore (around $6.3 million) joint venture with UK-based global construction chemical manufacturer Fosroc International Ltd, she told The Daily Star.
An agreement was signed in January to set up “Berger Fosroc Limited” with each side having equal stakes, she said, adding that plans were in place to double the investment in four years.
The new entity aims to provide a “superior constructive solution” for durable and sustainable quality of infrastructure projects as consumers expect quality residences in line with economic development.
Berger Fosroc Ltd will cater to every sector of the construction industry, specialising in solutions for building construction, industrial facilities, power plants and all types of transportation and civil infrastructure. The products include industrial adhesives, admixtures, grinding aids and joint sealants while the services will encompass concrete repairs, industrial flooring, grouting and anchoring, surface treatment and waterproofing.
It will also create 150 direct jobs and 3,000 indirect ones, said Chowdhury.
She said the size of their target market was around Tk 2,000 crore.
In the last five years, the demand has been increasing rapidly which was met with imports in absence of local production, she said.
“By bringing the product into the market, we will become pioneers of this sector in Bangladesh,” she said.
Berger is a global manufacturer of paints. Its Bangladesh wing has an annual turnover of around $240 million.
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