Home ›› 05 Apr 2023 ›› Corporate
S Alam Group, one of the top industrial conglomerates, has signed an agreement of $400 million to set up two new sugar refineries in Chattogram and Dhaka.
The two refineries are expected to be fully operational by 2025. The refineries have a combined capacity of six thousand and four hundred metric tons, each having three thousand and two hundred metric tons per day.
These projects are set to meet the increasing demand for sugar in the country. The agreement was signed with a renowned engineering consultant and EPC organisation where top officials from both companies were present, said a press release.
The proposed sugar refinery of Chattogram will be built at Ichanagar in Azimpara union of Karnafuli Upazila and the other refinery of Dhaka will be built at Ganga Nagar of Rupganj Upazila in Narayanganj.
Akhtar Hasan, general manager of S Alam Group, said, “These two refineries will play an important role in ensuring the supply of quality sugar to the consumers of the country. We are hoping the sugar refineries will start operation on time. S Alam Group is committed to providing sugar and other consumer goods at an affordable price. We want to tackle the market crisis for daily necessities.”
These advanced refineries will use state-of-the-art equipment and technology from USA, Germany, France, UK, Sweden, Malaysia, Singapore, Japan and Thailand. It is expected that this initiative will bring a revolution in the sugar refining industry in Bangladesh.
These proposed refineries will be run with safe purified water and a recent modern treatment plant based on a reverse osmosis system will be used for water purification purposes. Besides that, the latest modern carbonation system, membrane filler and Ion exchange resin will be used in the proposed refineries to remove health hazards sulfur and other toxic components.
The new sugar refinery projects will also deploy high-capacity magnetic separators to ensure the purity of the product. Sugar will be packaged, maintaining a hygienic procedure, in 50 kg trading bags, 1000 kg commercial bags, one kg and half kg retail packets through a full automation system. Liquid sugar will also be supplied to beverage and pharmaceutical companies from the two refineries. It will reduce production costs and mitigate transportation and storage risks.
Environmental well-being was a top priority during the planning of the refineries. Hence, rotary lime clean and brine recovery plants will be used for industrial waste management in both factories. All in all, these two projects are environmentally friendly and the sugar to be manufactured in the refineries will not be harmful to the
human body.
These two plants will play a major role in meeting the demand for sugar and the economic growth of the country. The construction of the sugar refineries will be overseen by a renowned engineering consultant and EPC firm and most of the investment in these projects will be financed by foreign investors.
Incidentally, the annual demand for sugar in the country is about 24 lakh metric tons. The market sometimes becomes volatile due to increased demand for sugar. It is expected that once these refineries start the manufacturing process, they will play a significant role in supplying sugar to consumers at an affordable price.
Besides these two refineries, S Alam Group has taken the initiative to set up two large refineries in the Northern region (Rangpur and Dinajpur) and Faridpur. In these refineries, sugarcane sourced from local farmers and raw materials manufactured in factories will be used to manufacture and refine sugar.
S Alam Group started its journey in 1985. For more than 37 years, the company has been operating business with a reputation in Bangladesh. Currently, S Alam Group is positively contributing to the country’s economy by investing in steel, cement, daily necessities, big energy, agro products, transport, chemical, textile and the financial sector.
