Grameen Fibreglass in the Pipeline
Grameen Telecom Trust and IES Alliance of Bahrain signed an MOU on June 4th ,2010 to set up a joint venture fibreglass company in Bangladesh. The company will be named as Grameen Fibreglass that will produce fibreglass products to popularize bio-gas use, and producing pipes to improve sanitation, sewerage, building materials, boats and furnitures. This will be a social business where owners may receive back the amount equivalent to their investment, but no dividend beyond that.  The factory will be located at the Grameen Social Business Industrial Park at Kashimpur, Gazipur. The factory is expected to go into production by the end of this year.
IES Alliance is a fibreglass company based in Bahrain, owned by Mr. Shahid Ahmed, a Bangladeshi with thirty-five years of experience in producing fibreglass.  At present the IES Alliance has three main sister concerns: Alliance Fiber Glass & False Marble Company, IES Alliance Business Solutions, Alliance Information Technology. Alliance Fibre Glass company offers top quality fibre glass and artificial Marble products within the Gulf region.
Mr. Ahmed responded to Professor Muhammad Yunus's call to set up social business to solve social and environmental problems, without any intention of making personal gain from it.
Grameen Fibreglass will start producing bio-digester plants to expedite the expansion of Grameen Shakti's bio-gas production facilities. Grameen Shakti, one of the largest and fastest growing rural-based renewable energy companies in the world, already has over 8,000 bio-gas plants installed in the villages with support from IDCOL (Infrastructure Development Company Limited), the government agency to promote renewable energy. Grameen Shakti plans to install a total of 25,000 bio-gas plants by the end of 2011. Pre-fabricated fibreglass tanks will make it easy to install these plants. China uses fibreglass tanks for the expansion of its bio-gas programme.
Grameen Fibreglass company will have the initial capacity to produce 1,000 bio-gas tanks per month. Later it will expand its capacity to produce water-pipes, building materials, boats and other materials for domestic market as well as export.
For more information please visit: http://www.iemsalliance.com &Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â www.yunuscentre.org
Contact Person: Nadina Perera, Assistant Program Officer, Yunus Centre
Email: nadina@yunuscentre.org, Contact No: 8015755
