2020-10-29: Decision to set up progressive plant of Corn Starch

SALVOCHEM: The Company has informed that the Board of Directors has decided to set up progressive plant of Corn Starch with existing Liquid Glucose unit to grab the huge potential market at food, pharmaceutical, paper and textile industry at Bangladesh. Through implementing the project, the Company will be able to improve the excellence for producing raw material of Liquid Glucose unit at its own plant which will reduce cost of materials as well as unique product for sale. With the new manufacturing units, the Company will produce around 25,000 Metric Ton Corn Starch per year. This project will be cost effective for the Company with the existing business set-up.