Energypac opens Tk 380cr commercial park
Energypac Power Generation yesterday inaugurated an professional park in a bid to export locally created generators, enhance its current manufacturing capacity and assemble eco-friendly electric commercial vehicles.
The country's leading power engineering company invested Tk 380 crore in the park, creating employment for 550 people.
"Bangladesh will be like Japan and China with extraordinary manufacturing prowess and you want to export Bangladesh-made products to neighbouring countries India, Nepal and Bhutan," said Humayun Rashid, managing director and CEO of Energypac Power Generation, while inaugurating the park at a virtual event.
"The industrial park can help us fortify the local manufacturing industry of automotive and steel building," he said.
Located at Sreepur in Gazipur on 52 bighas of land, the commercial park will also raise the pre-engineering steel building sector.
It houses a world-class plant with the capacity of testing plenty of up to at least one 1.5 MW and creating 500 generators of a GLAD brand.
Enerygypac plans to create a world-class electric distribution board (DB) box that'll be capable of testing plenty of up to three MW and raise the capacity of the plant to produce 1,000 GLAD generators from the current 500 for export, he added.
The park also offers an assembling plant for JAC vehicles with a capacity to churn out 1,200 units each year.
"Our engineers in the park are working on a project to supply low-cost houses for the people. The project, which aims to supply a secure house for everyone, will create a house for Tk 5 lakh for a family group of four," he said.
There may also be a plant in the park for prefabricated steel buildings with a yearly production capacity of 1 1,800 MT.
A plant in the park will manufacture chassis and different parts of buses teaming up with Ankai, a Chinese automobile company.
Enerygypac has plans for manufacturing nuts and bolts, wear testing machines and profile sheets, and marketing those as well, with an aim to donate to the infrastructural development of the united states along with contributions in the power and transport sector.
The listed company soon plans to determine storage facilities along with mezzanine floors and innovative technologies to increase production.
Industries Minister Nurul Majid Mahmud Humayun said Energypac is a renowned organisation and has taken various initiatives in various sectors, including energy and transportation, to expedite the country's monetary development.
"I have personally visited various activities of Energypac and witnessed the development. It really is manufacturing and exporting generators and other electrical equipment, gaining advantages against the world's best competitors, which creates employment opportunities nationwide," he added.
Stocks of Energypac Power Generation increased 6.95 per cent to Tk 43.10 on Thursday.
