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38                      SHOW DAILY          DAY 2


                         bike week



           RFL Group


                This a large conglomerate.   Brakes and hubs are imported   current monthly export volumes
           COO  Mahmudur  Rahman          from mainland China while     around 8,000-10,000 units.
           stated they employ 200,000     other parts, including tires, are   They cooperate with Decathlon
           people  across  industries     produced in-house. Domestic   to OEM frames, forks, rims,
           such as cables, wires, plastic   sales account for 60% of their   and bicycles. This year,
           furniture,  beverages,  and    sales and exports 40%, and    Decathlon canceled an order
           food. The bicycle division had   their domestic brand, Duranta,   of 100,000 bicycles, moving
           a production volume close to   has about 3,000 dealers. Their   the assembly back to the
           500,000 units in 2022, with    main exports go to the UK,    EU and India instead.
           300,000 sold domestically and   Netherlands, Austria, Poland,
           200,000 exported. RFL plants   Denmark, Germany, and India.
           include facilities like hospitals,   Exports have been affected                   ▲RFL Group COO Md. Mahmudur Rahman.(Photo: Joy
           banks, and kindergartens.      by the market downturn, with                         Huang)






















                   ▲The forks are mostly made from steel.              ▲According to RFL, it is Bangladesh's third largest bicycle tire producer.







           M&U


                Chairman Mr. Moshiur
           Rahman is the second younger
           brother of Meghna boss Mizanur
           Rahman. He started his own
           business from Meghna in
           2005. In 2022, production was
           260,000 units, and this year's
           estimate is 360,000 to 400,000
           units. Originally, they received                                       ▲The M&U facilities. On the left is the factory, on the right at the front is the
           orders for 600,000 units in 2023,                                       office building and assembling factory.
           but 40% were cancelled. M&U
           is positioned as a mid-priced   ▲M&U AGM (production) Manabindu Biswan.(Photo: Joy
           bicycle, 100% exported to the   Huang)
           EU, with Germany as its largest
           market. M&U has two factories,   quality and weight, emphasizing
           one dedicated to WOOM.         the best service and quality
           M&U invests aggressively in    competitiveness to customers.
           equipment, insists on quality   The original expansion plan has
           and timely delivery, focuses on   been put on hold.




                                                                                  ▲Assembly line.
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