Marico starts production from new manufacturing unit at Mirsarai

Business Report :
Marico Bangladesh has started commercial production from its new manufacturing unit at Mirsarai Special Economic Zone from July 4 this year to grab a greater share of the growing market for fast-moving consumer goods.
The India-based multinational company has set up its third manufacturing unit with a 10-acre area by investing Tk 2.27 billion at Mirsarai Special Economic Zone in phases for enhancing its “Made in Bangladesh” production.
Earlier in October 2020, Marico Bangladesh had decided to build its third manufacturing unit in Mirsarai EPZ under Bangladesh Economic Zones Authority (BEZA) to meet the growing demands of its products.
Marico Bangladesh is the first subsidiary of Indian Marico Ltd, which started its journey 24 years back with its flagship brand, Parachute Coconut Oil.
Since then, Marico has expanded to 42 brands in 10 categories, including hair care, skincare, baby care, hygiene and food products.
Marico manufactures a range of baby care, skin care and male grooming products under brands such as Parachute Just for Baby, Parachute Skinpure and Studio X in addition to its heritage brands Parachute Coconut Oil, Parachute Advanced and Saffola Active Edible Oil.
Despite the news, its stock price remained unmoved, languishing at the floor of Tk 2,421.5 on the Dhaka Stock Exchange since October last year.