TAGS: Wood Coatings Polyurethane Coatings UV/EB Technology
Fulfilling its IPO objective and keeping its pledge to investors, JAT Holdings PLC recently unveiled and commissioned into operation an end-to-end manufacturing, warehousing and laboratory facility in Bangladesh.
Strategically located, the new plant offers efficient and easy access to JAT’s two key markets in Bangladesh, Dhaka and Chittagong, together with quick and easy access to the Port, further consolidating operations, and bringing JAT Holdings closer to its goal of emerging as an internationally acclaimed leader in wood coatings.
Expanding Footprint Across South Asia
Speaking at the launch of the new manufacturing facility, CEO, Nishal Ferdinando said, “
This is a beginning of a great journey. We’ve embarked on a historical journey between two countries. SL and Bangladesh have come together for the first time in history to manufacture world-class wood coating products.”
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We are focusing on backward vertical integration as a strategic move as this is the key to offering competitive products in the Bangladesh market. Furthermore, this manufacturing facility will soon start contributing to the economic growth and vision of Bangladesh, which includes sustainable growth in GDP, employment and exports,” continued Ferdinando.
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JAT Holdings PLC had a vision of expanding its footprint in Bangladesh and this is our first initiative through our vision of ‘expanding our footprint across South Asia’. This is a proud moment for JAT Holdings PLC, as this is our first fully owned and self-operated manufacturing plant overseas. Therefore, this milestone marks the beginning of JAT’s journey towards emerging as a dominant brand in South Asia,” added Ferdinando.
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This is a major milestone for Asia Coatings in its mission to conquer the wood coating market in Bangladesh. In addition to our business vision of expanding our footprint as the market leader, this facility will help uplift the lives of many Bangladeshis, as we aim to provide over 100 new immediate job opportunities through this facility, and our wider operations in Bangladesh,” said Ranga Abayakoon, Country head, Bangladesh.
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It is also a great pride, and a strategic advantage to note that our manufacturing facility includes state-of-the-art warehousing, a packaging plant, an experience center and a training center, empowering us to provide truly end-to-end solutions,” added Abayakoon.
Production of PU, UV and Water-based Coatings
The new manufacturing facility will manufacture wood coating products under the renowned Sayeralck and JChem brands. Equipped with a climate-controlled environment, JAT’s new facility can produce PU, UV and water-based coatings that meet international standards and requirements.
Capable of meeting end-to-end production needs, the facility is also equipped with a modern laboratory, product sampling facility and a suite of offices housing dedicated, fully-fledged support teams across departments such as HR, finance, research and IT.
Placing emphasis on JAT’s journey in Bangladesh, and how the Conglomerate has revolutionized the wood coating industry, Wasantha Gunaratne, director Sales and Technical said, “
When JAT entered the market back in 2003, the wood coating market was very primitive in Bangladesh.”
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We introduced the presently used PU coating technology to a market which was previously using cloth polish. Thus, we are proud to have been pioneers in transforming the wood coating industry, both in Bangladesh and Sri Lanka,” added Gunaratne.
Source: JAT Holdings