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Bangladesh Steel and Engineering Corporation was founded on 1 July 1976. [4] It is in charge of Pragoti, which assembles Mahindra cars in Bangladesh. [5] In 2016, it signed an agreement with Honda to assemble motorcycles in Bangladesh. [6]
In July 2002, BSRM Group incorporated a new company, BSRM Steels Ltd, to fund and operate a turnkey re-rolling mill from Italian supplier Danieli. [5] Construction of the plant began in 2005 [ 6 ] on 11 acres just off the Dhaka-Chittaong Highway at Latifpur in Fouzderhat, Chittagong.
In April 2019, Forest department of Bangladesh Government filed a case against GPH Ispat Limited authorities accusing them of destroying the environment by cutting 15,175 ft 3 hills and constructing makeshift dams in a protected area, and by stopping the flow of water in the area, changing course and character of the natural stream and damaging biodiversity that caused heavy financial loss. [15]
5 July - Bangladesh leaves the 2019 Cricket World Cup after losing to Pakistan in their game at the tournament. [ 29 ] [ 30 ] 1–10 December - Bangladesh archers Ety Khatun and Roman Sana won gold medals winning all the 10 archery events (both individual, and team events) in the 2019 South Asian Games .
India was also affected by heavy floods, resulting in the death of 34 people, while 29 others died in Bangladesh. Tropical Storm Barry increases to 121 kilometers per hour (75 miles per hour), becoming the first hurricane of the 2019 Atlantic hurricane season.
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The steel industry is an established and growing industry in Bangladesh. Predominantly based in the port city of Chittagong, the industry has emerged as a major contributor to the national economy. According to the experts, the growth of steel industry in Bangladesh is mainly induced by the rapid expansion of the country's shipbuilding and real ...
In 2022, Bashundhara Multi-Steel Industries invested $395 million for phase-1 of a steel manufacturing plant at Bashundhara Industrial Economic Zone at Bangabandhu Shilpa Nagar in Chattogram. The phase-2 investment of $727 million will be initiated in 2025, bringing the company's annual steel production to 3 million tonnes.