JAT Holdings launches facility in Bangladesh
View(s):JAT Holdings PLC recently unveiled and commissioned into operation an end-to-end manufacturing, warehousing and laboratory facility in Bangladesh.
Strategically located, the new plant offers efficient and easy access to JAT’s two key markets in Bangladesh – Dhaka and Chittagong, together with quick and easy access to the port, further consolidating operations, and bringing JAT Holdings closer to its goal of emerging as an internationally acclaimed leader in wood coatings, the company said in a media release.
JAT’s new manufacturing facility in Bangladesh was officially unveiled and inaugurated at a special opening ceremony held on September 22, at the premises in Birulia, Savar. JAT Holdings’ Group CEO/Executive Director, Nishal Ferdinando, Director – Sales and Technical, Wasantha Gunaratne, Country Head – Bangladesh, Ranga Abeyakoon, and General Manager – Marketing, Dilshan Rodrigo, were among the members of JAT’s senior management team who were present at the event.
Speaking at the launch of the new manufacturing facility, CEO, Nishal Ferdinando said, “This is a beginning of a great journey. We’ve embarked on a historical journey between two countries; Sri Lanka and Bangladesh have come together for the first time in history to manufacture world-class wood coating products. We are focusing on backward vertical integration as a strategic move as this is the key to offering competitive products in the Bangladesh market. Furthermore, this manufacturing facility will soon start contributing to the economic growth and vision of Bangladesh, which includes sustainable growth in GDP, employment and exports. JAT Holdings PLC had a vision of expanding its footprint in Bangladesh and this is our first initiative through our vision of ‘expanding our footprint across South Asia’.”
Owned and operated by Asia Coatings (Pvt) Ltd, a fully-owned subsidiary of JAT Holdings PLC, the new manufacturing facility will manufacture wood coating products under the renowned Sayeralck and JChem brands. Equipped with a climate-controlled environment, JAT’s new facility is capable of producing PU, UV and water-based coatings that meet international standards and requirements.
“This is a major milestone for Asia Coatings in its mission to conquer the Wood Coating market in Bangladesh,” said Ranga Abayakoon, Country Head – Bangladesh, discussing the new facility, “In addition to our business vision of expanding our footprint as the market leader, this facility will help uplift the lives of many Bangladeshis, as we aim to provide over 100 new immediate job opportunities through this facility, and our wider operations in Bangladesh.”
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