Large sugar mills commences production in Bangladesh

by News Desk
October 3, 2011

http://www.weeklyblitz.net/1861/large-sugar-mills-commences-production-in

City Group, an industrial conglomerate in Bangladesh has announced the commencement of production of its recently established sugar refinery plat named - City Sugar Industries Limited, with daily production capacity of five thousand tons of refined sugar, which the company claims to be the largest sugar mills in the world. The City Group recently announced the commencement of the production in this factory. With the establishment of City Sugar Industries Limited, Bangladesh also emerges as one of the top players in Asian sugar market. The factory will be able to meet local consumptions as well as will also be a dominant player in the export market. City Group is already known in Bangladesh as the leading players in edible oil business, which already sells large volume of different types of edible oils in the local market.

Bangladeshi entrepreneur Fazlur Rahman, who is the chairman of the City Group began his journey back in 1972 [February 6, 1972], with a small mustard oil expelling plant named City Oil Mills at Dhaka's Ganderia area virtually without any mentionable cash flow. The initial period was marked with a lot of hardships due to the post war era when the country faced economic fallout. For the next 18 years, City Oil Mills operated within the vicinity of the Dhaka city and met the demands of the local market. Income generated from this project soon gave away for the entrepreneur to evolve the company, which was by now one of the largest mustard oil producing plants in Bangladesh.

A vision - to transform the company to a 21st century conglomerate of the country started. "City Vegetable Oil Mills" was established at Rupshi, on the outskirts of Dhaka city. This effort evidenced an accelerated growth of City Group and the the company was soon found to open two more sister concerns by the year 1994 - "Hasan Vegetable Oil Mills Limited" and "City Fibres Limited".

Within this period the founder also devised new production units and soon brand was born - "TEER", the name itself captivating the hearts and minds of the people. Appearing in this banner was the flagship product, "TEER SOYABEAN OIL", which soon found a good market share.

The overwhelming revenue generated and the unprecedented popularity of the products of City Group soon found its way into the hearts of the people. City Group was by now one of the emerging industries of the country with an ever-expanding business, which led to 21 sister concerns by the end of the year 2006.

Presently, the company focuses on meeting and responding to the ever-changing needs of the consumers both home and abroad. Till now City Group is one of the largest company in the country, and business reaching foreign countries making it one of the best conglomerates of the country. Years of meticulous work have paid off and by now CITY GROUP OF INDUSTRIES has started its alteration towards an International Standard Company along with its 21 sister concerns.

City Group of Industries regularly imports wheat, peas, pulses, mustard seed, canola seed, rape seed, soya bean seed, crude degummed soya bean oil [CDSO], crude palm oil, raw sugar, caustic soda, phosphoric acid, activated carbon, soda ash, fullers earth, tin plates, PET chips, PP Yarn Grade, HDPE blow mould, Kraft paper and industrial plant and machinery. Interested exporters of the above listed items may contact the company by pressing THIS button.

City Group of Industries currently has the following products:

Refined Soya bean Oil, Mustard Oil, Coconut Oil, Refined Palm Olein, Double Fractionated Palm Olein, Beans, Vanaspati, Atta, Flour, Semolina [Suji], Salt, Soya meal, Rapeseed Cake, Poultry Feed, Fish Feed, Refined Canola Oil and Sugar.

Founder of the City Group, Fazlur Rahman, had to leave school unexpectedly at the age of nine [in 1960], when his father was suddenly stricken with paralysis. Despite years of struggle when the boy ran a grocery store at a very tender age, he always harboured a hidden dream he aspired to be a business magnate when he grew up! He was still too young to verbalize what it was he wanted to do but of the ultimate goal, he was sure of. That is nutshell is the background of this extra-ordinary entrepreneur in Bangladesh, who has now built an industrial empire worth TK. 4.5 billion visibly from scraps. Fazlur Rahman used his entire life savings to launch his first venture of mustard oil production at the age of 19. This company, City Oil Mills, eventually saw some profits which were all wiped out in the early 1970s when oil prices dropped. Undaunted, Rahman borrowed from a friend and again restarted his mills including a new steel mill in 1980. Unfortunately, the flood of 1988 again destroyed his inventories and pulled him down. Help came in the form of luck, understanding financiers and an ever-supportive invalid father, Rahman never had to look back again. In that very year, he was able to profit TK 35 million even after paying off his bank loans.

Related Links:

Sugar Mills in the world

Sucrogen – Sugar Factories in the world

Bangladesh - Sugar

Bangladesh Sugarcane Research Institute

Ministry of Industries - Bangladesh

Related Topics:  Bangladesh News receive the latest by email: subscribe to weekly blitz's free mailing list