RAK Ceramics to set up bathroom fittings plant

Business Desk :
RAK Ceramics (Bangladesh) will invest Tk 95 crore to set up a bathroom fittings plant with the capacity to produce 1,500 faucets, shower heads and all other related accessories in a bid to provide cheaper alternatives to imports, according to company officials.
The listed multinational ceramics brand yesterday informed the Dhaka Stock Exchange of its decision, which follows the company’s previous plan to enter the tiles market.
Early last month, RAK Ceramics announced that it would invest Tk 902 in a greenfield facility to raise its tile production capacity by 15,000 square metres per day.