Dhaka, Bangladesh-based Bashundhara Multisteel Industries Ltd., a division of the Bashundhara Group, has signed a contract with Germany-based SMS Group for that firm to equip a mill complex initially designed to produce more than 2 million tons of hot-rolled coils annually.
Bashundhara says the new plant will be located in Mirsharai, Bangladesh. “In the future, this plant can be expanded to produce 4 million tons annually,” says SMS of the steel producer’s planning.
SMS says it will install the CSP technology to produce hot-rolled coils to include a melt shop “in the upstream along with auxiliaries.”
In announcing the contract, SMS calls Bangladesh “a remarkable story of economic development to emerge as one of the fastest growing economies in the Asia-Pacific region.” The technology provider says the nation’s steel industry is growing “in equal pace to meet the demands primarily from infrastructure projects, rapid urbanization and [the] ship building industry.”
With the construction of what SMS calls Bangladesh’s largest integrated facility, Bashundhara Group, a conglomerate with some 20 sister companies, is following up on earlier announced electric arc furnace (EAF) capacity investment in the steel sector.