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Esquire aspires to fly high with new chemical plant
25
Aug '08
Esquire Group, which had moved to diversified textile businesses, is ready to set up a new chemical base in Dhaka. The new environment friendly plant by Esquire Chemical Industries Ltd (ECIL) will produce Hydrogen peroxide that is mostly required by the dyeing industry.

In an exclusive interview with Fibre2fashion, Dr Salim Newaz, Plant Manager, Esquire Chemical Industries Ltd, stated, “The cost of this plant will be nearly Taka1800 million. Of this, around Taka1260 million is term loan, which the company will receive from eleven different Banks of Bangladesh. The Hydrogen Peroxide Chemical Plant of Steam Reforming and Auto oxidation process is under construction in Gazaria, Munshiganj, Dhaka.”

The Plant Manager further asserted, “The unit will have capacity of producing around 60 tons of Hydrogen peroxide per day. This chemical is a bleaching agent and is used in industries like dyeing and textile, paper pulp and leather. The product is expected to be available in the market by the end of 2009 and is eco friendly in nature.”

There is a huge demand for Hydrogen peroxide in domestic market and the nation has to import it from various countries. However, once this plant starts its manufacturing process, it will earn huge profits by catering the ever rising demand made by local entrepreneurs.

Esquire plans to fulfill nearly 20 percent of domestic demand along with other local companies. It is also eying the Indian market as the country has put a ban on chlorine and bleaching powder due to the harm they cause to the environment.

Fibre2fashion News Desk - India

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