Bangladesh Blade Factory Limited

Bangladesh Blade Factory Limited (Bengali: বাংলাদেশ ব্লেড ফ্যাক্টরী লিঃ) is a Bangladesh government owned company, under the Bangladesh Steel and Engineering Corporation, that manufactures razor blades.[1] Md. Touhiduzzaman is the managing director.[2]

Bangladesh Blade Factory Limited
Formation1985
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Websitewww.bbfl.gov.bd

History

In 1976, the Government of Bangladesh proposed an agreement with the proprietors of Wilkinson Sword, based in the United Kingdom, to establish a blade manufacturing factory in Bangladesh. In 1979, Bangladesh Steel and Engineering Corporation passed the agreement for approval to the Ministry of Industry. After approval from the Planning Commission the construction of the factory began in 1980. The factory started commercial production in 1985.[3]

In the 1980s, the company had one of the biggest shares of the double edged safety blade market in Bangladesh. Its market share declined after 2000 when private companies entered the market. Since then production and revenue have declined for the company as well. In the 2013-2014 financial year it produced 76 million blades but that number declined to 47 million by 2019. The Centre for Policy Dialogue recommended that the government close down the factory due to the large number of private producers. They also recommended that the government turn the factory lot into an industrial park with Bangladesh Economic Zones Authority.[4]

Bangladesh government announced plans to off load shares of the company on the Dhaka Stock Exchange in 2010. By 2011, there some difficulties in off loading the shares.[5][6] In December 2018, Bangladesh government announced plans to modernize Bangladesh Blade Factory Limited.[7]

References
  1. Dept, International Monetary Fund Asia and Pacific (2013). Bangladesh: Poverty Reduction Strategy Paper. International Monetary Fund. p. 103. ISBN 978-1-4755-4352-0.
  2. কর্মকর্তাবৃন্দ [Officers]. Bangladesh Blade Factory (in Bengali). Retrieved 22 June 2020.
  3. "History". Bangladesh Blade Factory. Retrieved 22 June 2020.
  4. "Blade factory output drops, loss soars". The Financial Express. Dhaka. Retrieved 22 June 2020.
  5. "DSE chief blasts govt for inertia in offloading shares". The Daily Star. 26 March 2010. Retrieved 22 June 2020.
  6. "State companies face listing warning". The Daily Star. 7 February 2011. Retrieved 22 June 2020.
  7. "Moves afoot to make state-run industries profitable". UNB. Retrieved 22 June 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.