Home ›› 27 Feb 2023 ›› Corporate
Meghna Group of Industries (MGI) on Sunday launched the first ever four brand new Ultramax Dry Bulk carriers of the country at a programme in Chattogram Port on Sunday.
The four new Ultramax Dry Bulk carriers are MV Meghna Victory, MV Meghna Prestige, MV Meghna Hope and MV Meghna Progress, said a press statement.
State Minister for Shipping Khalid Mahmud Chowdhury was present at the launching ceremony as the chief guest while Rear Admiral M Shahjahan, chairman of Chittagong Port Authority was the special guest.
HSBC Bangladesh arranged $71 million for these 4 ships against Sinosure (Chinese ECA) guarantee. MGI’s four brand new Ultramax Dry Bulk Carriers were built by a joint venture company of Japan and China named Jiangsu Yangzi-Mitsui Shipbuilding Co Ltd.
The capacity of each of these ocean-going vessels is 66,000 DWT. According to MGI, these four brand new Ultramax Dry Bulk carriers will contribute to the economy of the country by importing and exporting different items from the major seaports around the world by hoisting our national flag.
As one of the leading conglomerates of Bangladesh, Meghna Group of Industries (MGI) has investments in different sectors starting from consumer goods to building materials, economic zones, shipping, aviation, chemicals, electricity and power, paper and tissue etc.
MGI is contributing to the economy of the country by establishing 52 industries with an employment of 50 thousand people. Currently, 1 out of 2 households in Bangladesh uses any of Meghna Group of Industries (MGI) products.
MGI represents a global enterprise and brand that houses more than 50,000 employees, 6,300 distributors and 15,000 suppliers under its umbrella and has an annual turnover of approximately $2.8 billion.
The conglomerate itself has humble origins and began its life as Meghna Vegetable Oil Industries Ltd in 1989 on a small patch of land in Meghnaghat of Narayanganj.
The group has entered a broad array of different markets and industries including Fast Moving Consumer Goods (FMCG), building materials, pulp and paper, LPG, feeds, fibre, power plants, shipping, seeds crushing, chemicals, shipbuilding, dockyard, securities, insurance, media and aviation.
Internationally MGI has a substantial presence in the Middle East, Southeast Asia, Europe, South Africa, and North and South America.
MGI is the first company in Bangladesh to establish a private economic zone known as the "Meghna Economic Zone", which has since been followed by the creation of two further economic zones, which are named “Meghna Industrial Economic Zone” and “Cumilla Economic Zone” respectively.
Throughout this process, the unwavering commitment of its visionary leader, Mostafa Kamal, has been pivotal for both the conglomerate
and the Bangladeshi Economy. Renowned for his entrepreneurial expertise and patriotism, Mostafa Kamal has played a key role in the development of industry, healthcare, education, sports and social welfare in Bangladesh.
