Appollo Ispat Complex, a subsidiary of Apollo Group, launched an environment friendly galvanising factory in Narayanganj on Sunday.
Industries Minister Amir Hossain Amu inaugurated the plant as the chief guest at a function at Shimrail in Siddhirganj of the district.
The leading steelmaker of the country will use Germany’s radiant tube furnace (RTF) technology to produce lead and acid free corrugated iron sheets in a non-oxidising furnace.
The cost of the project is estimated at Tk 2.04 billion and is expected to produce 72,000 tonnes of corrugated and galvanised sheets every year.
Machine supplier is ESMECH Equipment (Pvt.) Ltd. The technology is brought from SMS Germany & ESMECH India Joint Venture.
Phoenix Group and Apollo Group Chairman Deen Mohammad chaired the project inauguration ceremony. Golam Dastagir Gazi was also present at the special guest on the occasion.
Appollo Ispat is the first producer of corrugated iron sheet in the country.
Appollo Ispat started its journey in 1960 by importing corrugated sheet from USA and Australia. In 1987 and 1994, Appollo Steel and Appollo Ispat Complex were established respectively.
In 2013, Appollo Ispat became listed as company in the Dhaka Stock Exchange and Chittagong Stock Exchange.
sajibur@gmail.com