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DYSIN GROUP announces USD 13mn investment by the name “DYSIN Advanced Materials Ltd”

Figure: BEZA signed a land lease agreement with Dysin-Chem Limited at Agargaon in the capital on Wednesday (July 19).

Dysin Group, one of Bangladesh’s largest distributors and manufacturers of dyestuffs and chemicals, proudly announces its plan to establish a state-of-the-art textile chemical manufacturing facility, Dysin Advanced Materials Limited, at the prestigious Bangabandhu Shilpa Nagar economic zone. The new factory will be situated on a sprawling 10-acre land.

In a landmark event, Dysin Group formalized the project by signing a land lease agreement with the Bangladesh Economic Zones Authority (BEZA) on July 19, 2023. The auspicious occasion was graced by the presence of distinguished personalities, including Sheikh Yusuf Harun, Executive Chairman of BEZA, and several high-ranking officials from Dysin Group and BEZA.

The esteemed Chairman of Dysin Group, Md. Mizanur Rahman, expressed his delight, saying, “Having served the textile industry with dedication since 1984, providing Dyestuff and Chemicals alongside unparalleled technical services, Dysin has evolved into a trusted leader in delivering innovative and sustainable chemical solutions across diverse sectors. We firmly believe that the chemical industry will drive the nation’s industrial revolution.
This cutting-edge plant will focus on producing intermediate chemicals, which will serve as crucial raw materials for our textile auxiliaries manufacturing. By establishing this facility, Dysin aims to optimize costs and foster a positive impact on the environment.

The visionary Managing Director of Dysin Group, Md. Amanur Rahman, emphasized the importance of empowering local textile mills by reducing reliance on imports. He stated, “Through our local textile auxiliaries manufacturing companies like those within the DYSIN group, textile mills can save significant foreign currency, streamline inventory management, and expedite garment exports, ultimately bolstering the nation’s economy. Mr. Rahman believes that with the right policy support, the Chemical Industry can lead Bangladesh into its next industrial revolution. Leveraging the country’s high economic growth, he envisions significant potential for the chemical industry’s growth in the next decade. Notably, the textile sector alone demands chemicals worth USD 3-4 billion annually, and every industry segment relies on chemicals.

Mr. Md. Amanur Rahman, who is also the convener of Bangladesh Chemical & Dyestuff Manufacturers’ & Exporters’ Association, expressed his conviction in Bangladesh’s immense potential for industrial growth, particularly in the chemical sector. He underlined the importance of government policy support to further nurture this burgeoning industry.

As part of Dysin’s constant commitment to progress, the company is dedicated to continuous investments in Research and Development, further enhancing its chemical manufacturing capabilities for textiles and other industries. Dysin aspires to provide specialized, high-performance chemicals, empowering customers to excel in the competitive marketplace while preserving our environment and contributing to a better world.

This momentous step by Dysin Group marks a significant milestone in Bangladesh’s industrial landscape, signaling a brighter future for the chemical industry and overall economic prosperity. The company looks forward to the support of the government and stakeholders in this transformative journey.