Bangladesh Thai Aluminium Limited, a pioneer aluminium industry in the country, will set up a new plant to double its production.
The listed company will go for production immediately to meet the increased demand for products.
The company has decided to install a new plant named Extrusion Press (Unit-III) worth Tk4 crore, said the company in a statement.
“With this new production line, the production capacity of the factory will be doubled and as a result the profitability will also increase,” it said. All existing facilities of infrastructure, land and other complimentary production units will also be revamped.
With its more than thirty years of experience in aluminium industry, BTA has positioned itself in the high end aluminium market of Bangladesh.
Its products are also being exported to countries like USA, Singapore, UAE and India.
Products are virtually used in all the prestigious and important buildings in Bangladesh like parliament, central bank, municipality and airports, according to the company.
Listed in 1990, the company’s majority shareholders are from general public who held more than 75% stake. Yesterday, share price of the B-category company closed at more than Tk33. Its products include fabricating doors, windows, false ceiling, curtain walls, partitions and furniture. Other items produced by the company may include railway coach windows, ladders, bolts and allied items.
According to its financial statement, the company’s net profit in the 3rd quarter this year stood at Tk92 lakh, a drop of nearly 37% in the same period a year ago.