Highlights:
Electro Mart Restricted (EML), one among Bangladesh’s most attention-grabbing electronics and dwelling equipment firms, announced plans to make investments Tk500 crore over the subsequent three years to waste bigger its air conditioner (AC) manufacturing capability, severely for the Gree imprint.
The announcement used to be made during a press conference at The Westin, marking the consult with of Kevin Bai, assistant president of Gree, a Chinese language electronics wide established in 1991.
“We now agree with got already invested Tk200 crore in manufacturing Gree ACs over the previous three years. To meet rising rely on, we belief to make investments an additional Tk500 crore in the subsequent three years,” talked about EML’s Deputy Managing Director Nurul Afser, at the side of that EML for the time being manufactures all AC parts domestically with the exception of compressors.
Kevin Bai talked about Bangladesh’s rising significance for Gree is which means of the rapid upward push in AC rely on. “As soon as I first visited Dhaka in 2016, annual gross sales were fair 16,000 items. Now, we sell over 2,00,000 items yearly,” Kevin suggested The Alternate Fashioned.
He talked about Gree targets to amplify annual gross sales in Bangladesh to 5,00,000 items interior 5 years.
In accordance to industry insiders, annual AC gross sales across a range of brands in Bangladesh reached roughly six lakh items in 2023.
Highlighting the firm’s point of interest on sustainability, Kevin talked about Gree is investing carefully in compare and pattern to diminish carbon emissions from ACs. “If powered by describe voltaic energy, an AC produces zero carbon emissions,” he added.
Kevin also suggested customers to come to a decision for inverter ACs, which, despite being 10-15% more dear than non-inverter items, appreciate severely much less energy.
To waste bigger its footprint in Bangladesh, Gree plans to introduce more dwelling dwelling equipment, at the side of fridges and microwave ovens.
Gree operates 18 production bases worldwide, at the side of China, Brazil, Bangladesh, Egypt, and Pakistan products and services. In accordance to Kevin, the firm holds roughly 37,000 technology patents, at the side of over 16,000 for innovations.
