AMEX Export Import, the original member of the Broad Street Capital Group, announced today that it has signed a $20 million contract to provide Supply and Export Management Services to the SR Chemical Group of Bangladesh for delivery of a 30,000 ton per year, caustic soda production facility, as well as of two more facilities for derivative product manufacturing.
Over the next eight to ten months, AMEX will work with suppliers from the US and China to oversee and manage design, production, deliveries, as well as provide trade finance services for a state-state-of-the-art chemical production facility to be constructed in Bangladesh. International Process Plants and Equipment Corp. of Princeton Junction, NJ (www.ippe.com) has been selected as the primary equipment supplier.
“SR Chemical Group is proud to bring the latest technology in caustic soda production to Bangladesh. The new facility will create over 500 jobs and will provide significant economic impact to the area surrounding plant’s location.” stated Mr. Asif Rabbani the Group’s Chairman. ” We are very pleased to work with AMEX and its international suppliers who were chosen based on their proven international track record, experience with plant construction, proprietary technology and competitive pricing” added Mr. Rabbani
IPPE is delighted to serve as main supply contractors for the proposed main production facility. SR Group and AMEX will benefit from IPPE’s forty plus years of global experience supplying chemical process plants. Our company’s presence and relationships in China will allow for cost effective and timely delivery of the equipment to the end-user” said Ross Gale, Vice President of Business Development of IPPE
“We are honored to be part of this important multi-national project” stated Alexander M. Gordin, managing director of Broad Street Capital Group and Chairman of AMEX Export Import. “While the Project is highly complex from the trade finance, project management and logistic’s perspectives, this assignment fits squarely into the Develop, Finance, Supply and Insure framework, which serves as the foundation of the Broad Street Capital Group’s mission” added Mr. Gordin
About SR Group
SR Group (www.srgroup-bd.com) is one of the biggest & leading conglomerates of Bangladesh since 1978. SR Group’s ambitious business expansion is designed and driven by a visionary yet very humble person Mr, GM Siraj. He is not only a far-sighted entrepreneur, but also known for his patriotism. His philanthropy, honesty, sincerity and dedication fetched the group to today’s lofty achievements.The history of SR Group dates back to 38 years ago when it was founded. Now, the group is running 17 units of Telecom, Transport, Logistic, Restaurant, Garment Accessories, Food Processing, FMCG, CNG Processing, Chemical, Information Technology, Mobile Finance successfully.The company’s employee strength has been steadily increasing from the start. Current employee strength is 5000+.
About AMEX Export Import Inc
Since 1988 AMEX (www.amexexim.com) has been a reliable partner in countless export-import and export management transactions in over 40 countries. Part of the Broad Street Capital Group, AMEX, as exporter of record, provides complete export finance, shipping and A/R insurance solutions. AMEX professionals are renowned for structuring complex multi-party, multinational export management transactions.
About IPPE
International Process Plants and Equipment Corp. engages in buying and selling new, used and surplus process plants and equipment, as well as industrial real estate properties. The company focuses on buying and selling assets in the chemical, petrochemical, pharmaceutical, refining, paper, plastic, and power generation industries worldwide. It sells process plants/power plants; industrial real estate; and process equipment, including surplus, new/unused, rebuilt, re-glassed, and used/second hand equipment. The company was founded in 1976 and is based in Princeton Junction, New Jersey with operations in the United Kingdom, Czech Republic, and India.
About the Broad Street Capital Grou
Based in the heart of New York City’s financial district, Broad Street Capital Group (www.broadstreetcap.com) is an international private merchant bank, which since 1988 has served several foreign governments, multiple state-owned companies, as well as SMEs in emerging markets. Through its member companies, the Group focuses on arranging project financing in the $50-500 million range, providing political risk mitigation, export management services and cross-border market development advisory. The Group has done business in over 35 countries spanning the emerging markets landscape from Bangladesh to Ukraine.
The firm works closely with all trade and development agencies of the U.S. Government and Export Credit Agencies of several European and North American countries. Since its inception, Broad Street Capital Group has been involved in multiple high-profile cross-border transactions in IT/telecom, aerospace, healthcare, energy generation, food security, nuclear safety, hospitality and franchising sectors. The firm’s current advisory and export management portfolio exceeds $630 million. For more information, please visit contact Rustem Tursynov at info@broadstreetcap.com, or call + 1 929 290 0040