Gazi Wires Limited has continued its profit streak

Gazi Wires Limited, an industrial company of Bangladesh Steel and Engineering Corporation (BSEC), has continued to make a profit by making world-class super enamel copper wire in the country. The factory produces 99.99 percent super enamel copper wire using Japanese high quality electrolytic copper wire and Hitachi’s insulating varnish. As a result, Gazi Wires has maintained the trend of profit by supplying international quality copper wire as per the demand of government and non-government organizations.

According to the Bangladesh Steel and Engineering Corporation (BSEC) under the Ministry of Industries, Gazi Wires Ltd. from the 2014-15 financial year to the current financial year, 17.46, 18.62, 19.55, 16.48, 21.13 and 9.19 respectively. 28 crore revenue. Besides, it has continuously earned Tk 11.96, 15.6, 18.43, 7.63, 7.26 and 1.25 crore.

In order to increase the production capacity of this factory, a vertical enameling machine with a production capacity of 250 MT was procured from Italy at a cost of Tk 7.8 crore in the financial year 2018-19 with the own funding of Gazi Wires Limited and production started from 2019 with the new machine. Gazi Wars Ltd. used to produce 400 to 450 metric tons of copper wire every financial year through a 55-year-old Japanese machine. However, with the addition of this new machine, the production target has exceeded about 700 metric tons, said the managing director. It saves a significant amount of raw material and labor hours with 50 percent electrical energy and can produce up to three times the copper of the old method. As the factory is a government industrial enterprise and manufactures electric wires from high quality raw materials, Gazi Wires competes with other manufacturers of the same product in the market.

It may be mentioned that a project titled ‘Strengthening and Modernizing Gazi Wires Ltd.’ is being implemented from October 2018 with the aim of modernizing Gazi Wires Limited. The project is being implemented at a cost of Taka 8 crore 98 lakh 53 thousand with government funding to strengthen the factory and increase its production capacity, which will be completed by December 2021. The project will replace Gazi Wires’ more than 50-year-old equipment with state-of-the-art state-of-the-art equipment and diesel generators. As a result, it will be possible to make the factory more profitable by reducing the production cost, increasing the quality of the product and reducing the waste.

According to BSEC sources, Bangladesh Rural Electrification Board (REB) is the biggest buyer of Gazi Wires Limited. Besides, various government and non-government organizations including PDB, DPDC, DESCO, PGCB, Barindra Development Project purchase the electrical wires produced in the factory. The copper of Gazi Wires is mainly used for making and repairing various electrical equipments including transformers and electric motors.

According to BSEC sources, Gazi Wars Ltd. is manufactured in accordance with British Standard and Bangladesh Standard, which is BSTI and ISO 9001: 2015 certified. Gazi Wires Limited won the ‘National Productivity and Quality Excellence Award-2017’ in the state-owned industry category for increasing productivity and excellence.

Gazi Wires Limited was established in 1985 on 3.69 acres of privately owned land in the Kalurghat industrial area of ​​Chittagong with the technical assistance of Furukawa Electric Company of Japan. The company started its commercial journey in 1986. After independence, the government of Bangladesh nationalized the company in 1972 and merged it with Bangladesh Engineering and Shipbuilding Corporation. Later this industrial organization became a part of Bangladesh Steel and Engineering Corporation. Gazi Wires Ltd. is a scheduled industrial company under the Bangladesh Industrial Establishment Nationalization Act 2017.

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