[Bangladesh] Nasir Says Taka Factory Plan "On Track"

Nasir Group is going to set up Bangladesh's first glassware and energy saving tube plant in 2009 at a cost of Tk 650 crore. Officials said the new company, Nasir Glassware & Tube Industries Ltd, is expected to start operations by the end of 2009. "We have already invested around Tk 200 crore for the ongoing civil construction, including land acquisition," said Habibur Rahman, project engineer. The plant is being set up on a land site at Sohagpur, Tangail district. Nearly 5000/t of 75-grade rod will be used for the factory. Around 800 people will be employed with many more casual workers, officials said.