Rahimafrooz Globatt Limited (RGL), the newest battery subsidiary of Rahimafrooz, exports its first consignment to China this November. This is also Bangladesh’s first export of engineered goods into China. Rahimafrooz’s Chinese counterpart has agreed to import at least 500,000 units within the first 3 years, resulting in revenues of about US $15 million per year from this customer.
The Chinese economy is one of the fastest growing in the world, with a strong shift towards improved living standards, with rapidly increasing middle income population. Currently, the Chinese vehicle population stands at about 90 million and boasts a 15% annual growth.
Rahimafrooz Globatt Limited manufactures maintenance free automotive, tractor, and inverter batteries. It commenced operations in August last year and the first year market focus was on the SAARC countries, GCC, ASEAN, China, and Africa. During the first year, RGL has entered 18 countries and exported over 250,000 batteries. Batteries from RGL are sold under the brand name Globatt.
As a group, Rahimafrooz has over 56 years of experience in battery manufacturing, began exports in 1992 and has since exported batteries to over 46 countries around the globe.
Post time: Jan-23-2018