Pran steps up in making transformers
Bangladesh: Pran-RFL Group, one of the largest businesses in Bangladesh, has announced the start of manufacturing power transformers.
Image source: The Daily Star
Bangladesh: Pran-RFL Group, one of the largest businesses in Bangladesh, has announced the start of manufacturing power transformers.
The company thus intends to enter into the approximately $1.8 B (Tk 15,000 crore) market for electric equipment marker thanks to increasing generation capacity.
The group, operating in diversified areas namely processed foods, beverages, plastics and furniture, said demand for electric equipment was growing in line with expanding power generation capacity, now at 24,594 MW.
“This is why, Pran-RFL Group has invested in this sector,” said Marketing Director Kamruzzaman Kamal.
The Pran-RFL signed up for making transformers in 2014 through its sister concern Sylvan Technologies.
Until recently, it used to make single-phase and three-phase transformers that are used for power transmission from main lines to homes. Now it will be making transformers used in substations. The equipment are supplied to various government and non-government organisations under the Sylvan brand, said the group in a press release.
The Pran-RFL invested $8.1 (Tk 70 crore) to establish the associated plant and other facilities. Apart from the Sylvan, companies namely Energypac, SQ Group and Adex operate in this segment.
“These kinds of activities will play an important role to ensure 100 % electrification,” said Sirazul Islam, executive chairman of Bangladesh Investment Development Authority, on inaugurating the plant recently at the Pran-RFL’s Habiganj Industrial Park.
The plant has created job opportunities for around 100 people, said a press release.
Source: The Daily Star
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