One of the biggest poly bags. manufacturing facilities in Bangladesh KDS Accessories Ltd. – a sister concern of Chattogram-based KDS Group – will install automotive technologies at a cost of Tk144 million to significantly increase its production capacity.
KDS Accessories Ltd. says that after the after automation, the overall capacity utilization can be increased by 15% per year. This will annually boost an approximate additional sales revenue of Tk 250 million.
According to sources at the company, after automation, the overall capacity utilization can be increased by 15% per year.
The company, which manufactures cartons, buttons, elastics, labels, and papers, may generate an approximate additional sales revenue of Tk25 crore annually.
This project will be financed through a combination of bank loan and the company’s own source.
Biplob Kanti Banik, Chief Financial Officer (CFO) of KDS Group the company, said that 77% of annual revenue comes from the selling of cartons.
“And its demand is increasing day by day. So, the company has opted for the latest technology to enhance its competitive ability.”
Earlier in 2019, the company had upgraded its factory machines by using its own resources.
Biplob said, “We could not achieve an expected growth due to the pandemic. But, the business has now made a turnaround.”
KDS Accessories has two factories in Gazipur and Chattogram.