Home ›› 10 Nov 2022 ›› Corporate
JAT Holdings PLC, a leading wood coatings company of Sri Lanka, has recently launched and commissioned into operation, an end-to-end manufacturing, warehousing, and laboratory facility in Bangladesh.
In this regard, a special opening ceremony was held at the premises of the company in Savar, said a press release.
JAT Holdings Group CEO Nishal Ferdinando, Director (Sales and Technical) Wasantha Gunaratne, Country Head – Bangladesh Ranga Abeyakoon, and General Manager – Marketing Dilshan Rodrigo,were present at the event.
Speaking at the launch of the new manufacturing facility, CEO Nishal Ferdinando said, “Sri Lanka and Bangladesh have come together for the first time in history to manufacture world-class wood coating products. This is a momentous time for JAT Holdings PLC because it’s our company’s first wholly owned and independently run manufacturing facility outside of its home market in Sri Lanka. JAT’s journey to being a major brand in South Asia officially begins with this.”
“With the launch of a new manufacturing plant in Dhaka, Bangladesh, Asia Coatings has immediately created over 100 new employment opportunities, marking a significant milestone in the company’s mission to dominate the wood coating market in Bangladesh,” said Ranga Abayakoon, Country Head – Bangladesh.
The plant is aiming to provide competitive products in the Bangladesh market by manufacturing top-notch wood coating products with backward vertical integration as a strategic move.
The new production plant is owned and run by Asia Coatings (Private) Limited, a fully-owned subsidiary of JAT Holdings PLC, which will produce wood coating products under the JAT Coatings Solutions umbrella. JAT’s new facility is capable of producing PU, UV, and water-based coatings that satisfy worldwide standards and criteria because it has a climate-controlled environment. Furthermore, by generating a large number of job opportunities, this industrial plant will soon begin contributing to Bangladesh’s economic development and vision.
JAT first set foot in Bangladesh in 2003. Since then, the conglomerate has expanded to take the lead in the local market, a position it has held for more than twenty years. Bangladesh has developed into a global hub for producing the highest export-quality furniture as a direct result of JAT Holdings’ investment and encouragement in the country. JAT has built a solid network through long-term alliances with top Bangladeshi companies and furniture manufacturers.
