Escorp Investment

Business Profile

  • Integrated, innovative approach to import, bulk store, distribute LPG in composite cylinders (to be used for the first time in Bangladesh)
  • Distribution of LPG in vehicles (autogas) / gas stations
  • Manufacture of composite cylinders

 

Infrastructure Requirements

  • Current storage of 3,000 MT will increase to 16,000 MT by June 2019
    • Expansion of capacity by 3,000 MT in Mongla
    • New capacity of 10,000 MT in Narayanganj
  • Current bottling capacity of 1,400 cylinders/hr will increase to 10,000 cylinders / hr in the next 5 years
    • New bottling plant in Narayanganj (3,600 cylinders/hr)
    • Future expansion of 5,000 cylinders /hr required in the next 5 years
  • Establishment of cylinder manufacturing plant in Narayanganj
  • Transportation require   ments include the purchase of a fleet of 450 bowsers and the acquisition of 4 barges of 400 MT capacity each

 

Plan for Household & Commercial

  • First phase launch in August: Nationwide launched in July-2017 with 70 distributors
  • 360 degree marketing communication plan in place
  • With exclusivity secured from its suppliers, Escorp  will introduce composite cylinders into the Bangladesh market for the first time
  • Advantages of composite cylinders will ensure faster penetration and greater market share:
    • Translucent – consumers can see volume level when filling up, thereby preventing fraud
    • Lighter – half the weight of steel cylinders
    • Safer – non-combustible
  • Initial import of composite cylinders for the first year and concurrent establishment of cylinder manufacturing plant in Narayanganj
  • A fleet of vehicles already in place to facilitate the transportation of composite

 

Plan for Autogas

  • Escorp LPG-Dhaka has received a license for 500 filling stations and 25 conversion workshops which can be set up directly or franchised to others including existing CNG filling stations –  full scale implementation planned by end of 2018

 

Escorp Products

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Escorp Plants

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