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BAT Plans US$13.6 Million Investment in Savar Factory in Bangladesh

Key takeaway: On October 15, according to The Business Post, BAT Bangladesh plans to invest BDT 1.5 billion (US$13.6 million) in its Savar factory.

On October 15, news emerged regarding British American Tobacco's plans to invest 1.5 billion Bangladeshi Taka (approximately 13.6 million USD) in its Savar factory in Bangladesh, according to the Business Post. The investment will be sourced from internal funds and bank financing based on the company's cash flow, as disclosed by the Dhaka Stock Exchange.

Reportedly, British American Tobacco Bangladesh is constructing a bonded warehouse for storing packaging materials, leaves, and finished products. The company has also invested in electrical, fire detection and protection systems, air conditioning and ventilation systems, IT systems, and security systems, as well as on-site facilities for employee welfare and factory services, reinforced concrete road construction, and establishing an underground drainage system. Earlier this year, the company invested in the Savar factory to build emergency capacity and capitalize on upcoming export opportunities. British American Tobacco Bangladesh is headquartered in Dhaka, with cigarette factories in Dhaka and Savar, a green leaf threshing plant in Kushtia, and a green leaf re-drying plant in Manikganj.

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