Usmania Glass Sheet Factory is planning to set up a new 120 tpd container glass plant at its Chattogram, Bangladesh premises.

With the successful implementation of the project, the state-owned losing concern expects to overcome its present crisis and return to profit.

The company has seen a suspension in operations for one year and some plants have remained out of production since 2018 due to low demand.

One of its furnaces has been in operation since August 2021.

According to its latest annual report, as part of establishing the container glass plant, the company had conducted a market survey and economic feasibility study through a reputed firm and received a draft report.

This has encouraged the management to take the necessary steps to implement the new project.

Usmania Glass Sheet Factory started its journey before the independence of Bangladesh in 1959 in Chattogram.

It was the country's first glass manufacturing industry which had an aim to meet local demand at an affordable price. With the rise of the private sector in the glass industry after the independence of the country, Usmania gradually lost its market share.

The company has two plants for manufacturing glasses: furnace-1 is closed as there was an overstock of finished goods that remained unsold due to lower market demand.

Furnace-2 has been shut down for a year due to a fire accident, resuming operation in August 2021.

www.ugsflbd.com

Image: Usmania Glass plots a route to container production.