Berger to Open Third Factory with Tk 813 Crore Investment1 min read

To expand its manufacturing capabilities, Berger Paints Bangladesh Limited has greenlit a substantial investment of Tk813 crore for the establishment of its third state-of-the-art factory. This decision was officially communicated following a board of directors meeting held on Wednesday evening at the company’s headquarters.

Reportedly, the upcoming facility is slated to be located in the Bangabandhu Sheikh Mujib Shilpa Nagar, a key industrial zone in Bangladesh. With an expected commencement of production in April 2026, the new factory is anticipated to significantly bolster Berger’s production capacity and further solidify its position in the market.

As reported, in a parallel development, Berger Paints Bangladesh has announced plans to raise its paid-up capital through the issuance of right shares, adopting a ratio of 1:17 for existing shareholders. This means that shareholders will receive one right share for every 17 shares they currently hold. The decision to augment capital through this mechanism was driven by the company’s commitment to sustaining robust financial health and facilitating its ambitious expansion plans.

Reportedly, the issue price for the right shares has been fixed at Tk1,376 each, encompassing a premium of Tk1,366. Berger aims to raise Tk375 crore by issuing a total of 27 lakh right shares. The funds mobilized through this initiative will be earmarked for the establishment and development of the third manufacturing facility.

It is important to note that the implementation of the right shares issuance is subject to regulatory approval from the stock regulator. Berger Paints Bangladesh remains optimistic about the positive impact these strategic decisions will have on the company’s growth trajectory, enhancing its ability to meet the evolving demands of the market.

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