On the 20th of November 2013, United Group of Bangladesh and Gunze Ltd. of Japan established Gunze United Ltd., an equally owned joint venture industrial unit that will produce high quality sewing thread with the latest Japanese technology.
The Inaugural Ceremony, which was held in the Conference Hall of United Hospital Ltd., was attended by Major General Mahd Habibur Rahman Khan,ndc,Psc Executive Chairman BEPZA, as Chief Guest, His Excellency Mr. Shiro Sadoshima, Honorable Ambassador of Japan, as special guest, members of Gunze Ltd. including its CEO, Mr. Hiroshi Hirata, members of United Group including its Chairman Mr. Hasan Mahmood Raja, as well as many other representative from different organization. The ceremony was later followed by a guided tour of the newly constructed factory at Dhaka EPZ. The JV Agreement for this venture was signed in March 2012.
A three-storied factory has already been constructed within the Dhaka EPZ, Extension Area with total floor space of 105,000 sq ft. The unique features of this factory are that it will draw its steam requirement from the UPGD, a sister concern of United Group, and it is plugged into the Central ETP through a pipe line, making the factory very environmentally friendly.
The company will produce and market Gunze brand of sewing threads in Bangladesh and abroad with expected production capacity of 2400 tons a year.