The Daily Star reported that leading garment exporter Azim Group has entered into the steel manufacturing industry with the opening of a new company Global Steel and Engineering Ltd at Dhamrai on the outskirts of the Dhaka. Mr Mohammad Fazlul Azim, chairman of the group said that “We have already started production in the new company where we have so far invested Tk 250 crore.”

He said that global Steel will mainly produce transmission line hardware materials and other kinds of steel sheets at the factory, which will gradually be established on a 25 acre land. Mr Azim said that “We hope to create 1,000 new jobs at the factory.”

Azim Group started its journey in 1975 and employs around 28,000 people in its different units.

The group exports garments to various markets in the world, including USA, South America, Russia, Japan, China and Australia.

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Source : Steelguru Link to the Original Article