Bangladesh’s leading steel maker Bashundhara Multisteel Industries has signed a contract with SMS group to install an integrated facility to produce more than two million tonnes of hot rolled coils annually with the goal of filling the gap in demand for flat products in Bangladesh. The plant will be located at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsharai in Chattogram. In the future, this plant can be expanded to produce four million tonnes annually.SMS will install the well-proven state-of-the-art CSP technology to produce hot rolled coils with meltshop in the up-stream along with auxiliaries.The two teams are now working together with the German and Bangladeshi banking consortia as well as the German Export Credit Agency Euler Hermes to structure the financing for this mega project.Bashundhara Group is one of the large Conglomerates in Bangladesh having 20 sister concerns with versatile business ventures catering to the entire spectrum from heavy to light industries. Businesses include Real Estate, paper, cement, food & beverage, airways, shipping, media and steel. Currently the organization is having around 50,000 direct employees.