• Thursday, Dec 03, 2020
  • Last Update : 01:37 am

GPH Ispat to export MS billet to China

  • Published at 12:29 pm October 14th, 2020
gph ispat
The company signed a contract with a Chinese company to export 25,000 tons billet worth $10,175,000, the company said through a web posting on the Dhaka Stock Exchange (DSE) on Tuesday Collected

This is the first bulk cargo billet export from Bangladesh

GPH Ispat Limited, a publicly traded company has decided to enter into a contract for export of 25,000 metric tons MS billet to China, it is the first bulk cargo billet export from Bangladesh.

The company signed a contract with a Chinese company to export 25,000 tons billet worth $10,175,000, the company said through a web posting on the Dhaka Stock Exchange (DSE) on Tuesday.

Additional managing director of GPH Ispat Almas Shimul said: “We are in the phase of biggest shipment in the history of Bangladesh in terms of value. If policy support from the government is  given like in other export sectors, we can continue in the future. This will become a new avenue in the export sector.”

“We produced pure steel and added the required chemical according to requirement. We are using German technology which is first in Asia and second in the world. We now have more than 1 million-ton production capacity at our plant,” he said.

The export will start in the first week of November, 2020. 

GPH has been involved in the intelligent future of metal production which anticipates the future needs and challenges in the market. This technology is cutting edge, allows the highest level of efficiency with minimum wastage, is energy efficient and is environment friendly, the company said.

Currently, local ispat mills produce around 6m tons of billet annually, enough to manufacture 5.5m lakh tons of high-quality rods. Around 35 mills make billet by importing scrap.

Each share of the GPH, which was listed on the Dhaka bourse in 2012, closed at Tk26 each on Tuesday, gaining 3.16% over the previous day.

The company’s paid-up capital is Tk378 crore and authorized capital is Tk1,000 crore while total number of securities is Tk37.81 crore.

52
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail