Rancon Lubricants to invest USD 19.65 million in Bangladesh plant

· Lubricants & Chemicals · Bangladesh

Rancon Lubricants Limited has signed a land lease agreement with Invest Bangladesh for 6.5 acres of developed land at the National Special Economic Zone in Mirsarai, Chattogram. The company plans to invest USD 19.65 million in the project. The lease secures the site for a new lubricants production base in one of Bangladesh's flagship industrial zones, adding domestic blending capacity in a market served largely by imports and regional suppliers.

Why it matters：New blending capacity in South Asia reflects lubricant makers shifting production closer to fast-growing demand markets and could alter import flows into Bangladesh.

Key points

  • 6.5-acre lease at National Special Economic Zone in Mirsarai
  • Investment planned at USD 19.65 million
  • Agreement signed with Invest Bangladesh

Sources (original reporting)

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