Bangladeshi industrial conglomerate SR Group has signed a Tk100 crore joint investment agreement with Chinese chemical producer Puyang Cleanway Chemicals Ltd and other partners from Canada and Germany to set up a trichloroisocyanuric acid (TCCA) manufacturing plant in Bangladesh.
The project will be implemented through a new joint venture (JV), SR Pacific Chemical Industries Ltd, involving SR Chemical Industries Ltd, Puyang Cleanway Chemicals Ltd, Canada’s Kings Pacific Enterprises Ltd and Germany’s Steinbach Chlorine GmbH, SR Group said in a press release.
The plant will manufacture TCCA, a chemical widely used in water treatment and industrial applications, with commercial production and exports targeted to begin in the second quarter of 2027.
The agreement marks a push to expand Bangladesh’s chemical manufacturing capacity through foreign investment, technology transfer and export-oriented production.
Under the project, chlorine produced by SR Chemical Industries will be used as a key raw material, creating an integrated local production chain. The entire TCCA output is planned for export to international markets.
Initial installation work for the facility has already started, according to the companies.
The investment agreement was signed by SR Chemical Industries Managing Director (MD) Asif Rabbani and Puyang Cleanway Chemicals MD Xinke Wang on behalf of their respective companies.
SR Group Chief Strategic Advisor Mehboob Chowdhury and senior officials from the participating companies attended the signing ceremony.
The joint venture is expected to strengthen Bangladesh’s chemical export capacity, reduce reliance on imported industrial chemicals and increase the use of locally produced raw materials.
The project is also expected to create employment opportunities, attract further foreign investment and contribute to foreign exchange earnings through chemical exports.
