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Bangladesh - Cable market suffers due to economic crisis - 0 views

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Bangladesh wire cable market

shared by Panos Kotseras on 07 May 09 - Cached

Panos Kotseras on 07 May 09

The growth of the wire and cable industry in Bangladesh has been hit by the economic crisis. The two major local consumers in the industry are the power sector and industrial units. Poly Cables, said that they currently face a shortage of adequate buyers and reported a 60% y-o-y plunge in sales in the period January-April. Paradise Cables said that they are still performing well in the power cable business as they hold some supply contracts. However, the company is concerned about the global and domestic gloomy economic environment. Since independence, Bangladesh has invested in connecting outreach areas. As a result, industrial and power sector cables have contributed considerably to the growth of local cable manufacturers.

<div class="cArrow"> </div><div class="cContentInner">The growth of the wire and cable industry in Bangladesh has been hit by the economic crisis. The two major local consumers in the industry are the power sector and industrial units. Poly Cables, said that they currently face a shortage of adequate buyers and reported a 60% y-o-y plunge in sales in the period January-April. Paradise Cables said that they are still performing well in the power cable business as they hold some supply contracts. However, the company is concerned about the global and domestic gloomy economic environment. Since independence, Bangladesh has invested in connecting outreach areas. As a result, industrial and power sector cables have contributed considerably to the growth of local cable manufacturers. </div>

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