Leading garment exporter Azim Group has entered into the steel manufacturing industry with the opening of a new company—Global Steel and Engineering Ltd—at Dhamrai on the outskirts of the capital.
“We have already started production in the new company where we have so far invested Tk 250 crore,” said Mohammad Fazlul Azim, chairman of the group.
Global Steel will mainly produce transmission line hardware materials and other kinds of steel sheets at the factory, which will gradually be established on a 25-acre land, he said.
“We hope to create 1,000 new jobs at the factory,” he said at the opening ceremony held on the premises of the company yesterday.
Azim Group started its journey in 1975 and employs around 28,000 people in its different units.
The group exports garments to various markets in the world, including USA, South America, Russia, Japan, China and Australia.
“We have achieved remarkable success in the garments sector, which has encouraged us to launch the steel manufacturing company,” Azim said.
Tawfiq-e-Elahi Chowdhury, power, energy and mineral resources adviser to the prime minister, and Masum-Al-Beruni, managing director of Power Grid Company of Bangladesh, attended the opening ceremony along with other guests.