RFL signs agreement with China’s Haitian Group

Bangladesh's leading industrial group, RFL, has signed an agreement with China's Haitian Group to boost the export of household products. Under the agreement, high-quality machinery will be imported from China.

The agreement was signed on Sunday at a hotel in Gulshan, Dhaka. During the event, it was announced that RFL Group will invest Tk 200 crore in setting up a factory to produce export-oriented plastic products. The factory will be built at the RFL Industrial Park in Kaliganj, Gazipur. The investment will be made through the company’s own funds and bank loans, while Haitian Group will supply the machinery.

The agreement was signed by RFL Group’s Managing Director, RN Paul, and Haitian Group’s Vice President, Jiang Linfa, on behalf of their respective companies.

Present at the event were Toukirul Islam, Deputy Managing Director of Durable Plastic Limited, a subsidiary of Pran-RFL Group; Pradip Kumar Poddar, Deputy Managing Director of Rangpur Metal Industries Limited; and Li HuFeng, General Manager (Sales) of Haitian Group.

RFL Group's Managing Director, RN Paul, stated that the country’s investment climate is currently facing several challenges, with the pace of private investment being slow. Despite these challenges, RFL has taken the initiative to set up a new factory, which he believes sends a positive message for the country. He mentioned that the project will be implemented quickly and will significantly contribute to the country’s export sector. Production is expected to begin by May, and the factory will provide jobs for approximately 2,500 people.

Haitian Group’s Vice President, Jiang Linfa, stated that this export order should not only be measured by numbers but also by progress in production, efficiency, and sustainability. He expressed honour in contributing to the continued success of Pran-RFL and expressed hope that both companies would make significant strides in global exports.

Currently, RFL’s products are regularly exported to 80 countries. With the establishment of this new export-oriented factory, the scope of exports will be further expanded, playing an important role in increasing foreign exchange reserves. New export orders have already begun to come in for the factory, including an export order worth nearly $6 million from one client.

Haitian Group is one of the world’s leading manufacturers of plastic production machinery. The company began its journey in 1966 with the goal of producing industrial machinery. Today, it supplies high-quality, state-of-the-art injection molding machines for plastic production in various countries across Asia and the world.