BSRM Group, one of Bangladesh’s leading steel manufacturers, has unveiled plans to significantly expand its operations with a new investment initiative valued at Tk400 crore. The move is part of the company’s broader strategy to diversify its product portfolio and strengthen its footprint in the steel and wire manufacturing sector.
Under the plan, BSRM Limited and BSRM Steel will each invest Tk200 crore in BSRM Wires Limited through share subscriptions. The fresh investment will finance the establishment of an advanced fastener production facility designed to manufacture high-grade bolts, nuts, and other precision-engineered wire products.
According to the company, the new plant will produce a wide range of specialized items such as Low Relaxation Prestressed Concrete (LRPC) wires, welding electrodes, ACSR core wires, and chain-link fences. The initiative also includes setting up a modern wire rod pickling station and expanding existing production capacity within the wire segment.
BSRM noted that this expansion aligns with the group’s long-term goal of supporting Bangladesh’s growing infrastructure and industrial needs. The company expects the investment to boost operational efficiency, enhance shareholder value, and help meet the rising domestic demand for industrial fasteners and specialized wire products.
Industry observers say the move highlights BSRM’s continued commitment to innovation and value addition in Bangladesh’s steel industry while positioning the company to play a greater role in the country’s industrial growth.
