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In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan. In February 2018, the World Bank imposed a 33-month debarment on PEL, its affiliates PEL Marketing, Kohinoor Power Company, and its former general manager, Abdul Waheed Butt, for engaging in collusive practices during bidding on World Bank-financed ...
In 2017, Samsung inaugurated two home appliances manufacturing plant in Bangladesh, in collaboration with Fair Electronics and Transcom Electronics. [5] [6] In 2018, LG Electronics inaugurated TV manufacturing plant in Bangladesh, in collaboration with Butterfly Group. LG also planned to open a refrigerator and air conditioner manufacturing ...
Arçelik produced its first washing machine in 1959 and its first refrigerator in 1960 at its manufacturing plant in Çayırova, Istanbul. In 1986, Arçelik A.Ş. went public on Borsa Istanbul . In 1999, Arçelik and LG Electronics founded the joint-venture Arçelik-LG Klima Sanayi ve Ticaret A.Ş. for manufacturing air conditioning units for ...
Haier Pakistan was founded in 2001 as a joint venture between Ruba Group (now known as JW-SEZ Group) and Haier with an initial investment of US$500 million. [ 1 ] [ 2 ] In 2004, Haier began manufacturing home appliances in Pakistan, including microwave ovens .
Federation of Bangladesh Chambers of Commerce and Industries (FBCCI; Bengali: বাংলাদেশ শিল্প ও বণিক সমিতি) is the apex trade organization of Bangladesh playing consultative and advisory role in safeguarding the interests of the private sector in the country.
Food in a refrigerator with its door open. A refrigerator, commonly shortened to fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so that its inside is cooled to a temperature below the room temperature. [1]
Singer Bangladesh began in 1905. In 1920, two shops were set up in Dhaka and Chittagong. [1] In 1947, after the Partition of the sub-continent, now Bangladesh became East Pakistan. Singer in East Pakistan operated as a branch of Singer Pakistan and the products used to come from West Pakistan. Initially, only 10 shops were set up, which grew to ...
The Bangladesh Liberation War in 1971 resulted in the secession of East Pakistan as the People's Republic of Bangladesh. Pakistan (formerly West Pakistan) recognized Bangladesh in 1974. [4] Today, bilateral relations between Bangladesh and Pakistan are considered to be cordial. [citation needed]