Norwegian JV buys SoE
UNB, Dhaka
Three enterprises of Bangladesh Forest Industries Development Corporation (BFIDC) were yesterday sold to a Bangladesh-Nor-wegian joint venture (JV), anticipating those would be profitable under private ownership.The JV Nordic Woods Ltd purchased the Cabinet Manufacturing Plant, Wood Treating Plant and Mangrove Tannin Plant located in Khulna for Tk 8 crore, which is 54 percent of the total permanent assets of the three units. Two other state-owned enterprises -- Kaliachapra Sugar Mills in Kishoreganj and Bangladesh Oil Mills Ltd in Khulna -- are under consideration for handover to private hands next month, according to a source in the Privatisation Commission.
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