Business Desk :
GPH Ispat on Monday began commercial production at its new plant, which was built using quantum technology – the first in Asia and the second in the world- at a cost of Tk2,500 crore.
The annual production capacity of the expanded plant is 840,000 tonnes of billets and 640,000 tonnes of rods, and medium section products – like steel BIM, angle, channel, flat bar, etc.
With this, the annual production capacity of the company will be 1,008,000 tonnes of billets and 760,000 tonnes of rod and medium section products.
The added production in the plant is expected to take the GPH market share in the steel industry to around 10% from the existing 3-4%. The company said in an official disclosure published on the Dhaka Stock Exchange (DSE) website, “Due to global coronavirus pandemic, it’s not possible to avail on-site support of technicians from Primetal Technologies Austria GmbH, who is the main technology supplier of the plant and hereby the company has been faced with barriers during the completion and commissioning of its products.”
