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BHPL set to start bike assembling by June
Published : Sunday, 10 February 2013
Mohammad Ali
Newly formed motorcycle company -- Bangladesh Honda Private Ltd (BHPL) -- is set to start bike assembling by June this year, a high official connected to it said.
BHPL is a joint venture company (JVC) of Bangladesh Steel and Engineering Corporation (BSEC) and Honda, a Japanese automaker, with their share ratio 30:70 respectively.
In the first year, the JVC plans to assemble about 10 thousand units of bike while the assembling capacity was targeted to be increased to 35 thousand in the second year and 70 thousand in the third year, officials said.
Within the next three years from this June, BHPL wants to begin manufacturing of motorcycle here, Sheikh Md Mobarok Hossain, director (planning and development) of BSEC, told the FE.
When the company will start manufacturing, the production capacity will reach 0.1 million, the officials said.
Before starting the assembly, BHL may bring a number of ready-made motorcycles of Honda brand for marketing here.
In the booming motorcycle market of Bangladesh, local two-wheeler manufacturers currently hold about 32 per cent share of the country's annual market size of about 0.3 million units worth about Tk 25-30 billion, official of a local company said.
Country's two leading bike manufacturers such as Runner and Walton set the year 2015 as their deadline to begin manufacturing of motorcycle-engine for the first time locally.
However, BHPL was formed very recently following a deal signed between BSEC and Honda Motor Company on September 27, 2012 in Dhaka.
On February, 2013, BHL's board of directors meeting and annual general meeting (AGM) were held. In the meeting, Md Ataur Rahman, BSEC chairman, and Yoichi Mizutani, a manager at Honda, were made chairman and managing director of the new company respectively.
When the new JVC will begin operations, the motorcycle production and wholesales functions of Atlas Bangladesh Ltd (ABL), a BSEC subsidiary currently responsible for production and wholesales of Honda motorcycle products in Bangladesh, is likely to be transferred to the new company.
According to the September agreement, before sharing profit, Honda will get three per cent running royalty on the local value added, and one per cent brand fee on the amount of total sales.
Financial Express :: Financial Newspaper of Bangladesh
Published : Sunday, 10 February 2013
Mohammad Ali
Newly formed motorcycle company -- Bangladesh Honda Private Ltd (BHPL) -- is set to start bike assembling by June this year, a high official connected to it said.
BHPL is a joint venture company (JVC) of Bangladesh Steel and Engineering Corporation (BSEC) and Honda, a Japanese automaker, with their share ratio 30:70 respectively.
In the first year, the JVC plans to assemble about 10 thousand units of bike while the assembling capacity was targeted to be increased to 35 thousand in the second year and 70 thousand in the third year, officials said.
Within the next three years from this June, BHPL wants to begin manufacturing of motorcycle here, Sheikh Md Mobarok Hossain, director (planning and development) of BSEC, told the FE.
When the company will start manufacturing, the production capacity will reach 0.1 million, the officials said.
Before starting the assembly, BHL may bring a number of ready-made motorcycles of Honda brand for marketing here.
In the booming motorcycle market of Bangladesh, local two-wheeler manufacturers currently hold about 32 per cent share of the country's annual market size of about 0.3 million units worth about Tk 25-30 billion, official of a local company said.
Country's two leading bike manufacturers such as Runner and Walton set the year 2015 as their deadline to begin manufacturing of motorcycle-engine for the first time locally.
However, BHPL was formed very recently following a deal signed between BSEC and Honda Motor Company on September 27, 2012 in Dhaka.
On February, 2013, BHL's board of directors meeting and annual general meeting (AGM) were held. In the meeting, Md Ataur Rahman, BSEC chairman, and Yoichi Mizutani, a manager at Honda, were made chairman and managing director of the new company respectively.
When the new JVC will begin operations, the motorcycle production and wholesales functions of Atlas Bangladesh Ltd (ABL), a BSEC subsidiary currently responsible for production and wholesales of Honda motorcycle products in Bangladesh, is likely to be transferred to the new company.
According to the September agreement, before sharing profit, Honda will get three per cent running royalty on the local value added, and one per cent brand fee on the amount of total sales.
Financial Express :: Financial Newspaper of Bangladesh
