Berger to splash out Tk 250cr on new plant

Berger Paints Bangladesh Ltd is going to invest Tk 250 crore to establish a new production unit at the Mirsarai Economic Zone in Chattogram.

The Prime Minister's Office has already endorsed the application for 30 acres of land for the company at the economic zone.

A land lease agreement is going to be signed between Bangladesh Economic Zones Authority (Beza) and the paint maker today. 

Rupali Chowdhury, managing director of Berger Paints Bangladesh, told The Daily Star that initially Berger Paints will invest Tk 250 crore to set up the unit. Under the new project, Berger will set up an emulsion plant, a resins plant, and a central raw material warehouse. The unit will mainly produce water- and solvent- based paints.

“It will be a strategic initiative for the future business diversification and the potential setup to explore export opportunities in the future,” said Chowdhury, adding that the unit would create at least 250 jobs directly. Berger is the leading paint maker in Bangladesh. It has two production units in Dhaka and Chittagong each and has 11 home décor outlets in the country.

It employs 1,000 people and has a countrywide distribution network of more than 3,000 dealers.

Regarding the investment, Paban Chowdhury, executive chairman of the Beza, said multinational companies are feeling confident to invest in Bangladesh.

Foreign investors have realised that Bangladesh is a suitable destination for investment, he said.