Page 40 - TBWShowDailyD2

40 SHOW DAILY DAY 2

bike week

Panam Cycle

Chairman Amal Podder
has a background in textiles, so
he places more emphasis on
equipment. General Manager
Syed Iftikhar Ahmed Sagar was
originally the general manager of
M&U, responsible for purchasing
and sales. The boss is Mr. Amal
Podder, and his three sons
are also heads of departments
within the group. The new
factory has been completed and ▲In the center is Director Amal Podder with Abir Podder on ▲Mr. Zahidur Rahman, the Operations General Manager (left), Mr. Sagar
(right) and Sunny Wheel Vice President Vivian Hsu.
the left and Anik Podder on the right.(Photo: Panam)
is currently installing equipment.
Sagar stated that they started
assembly on April 1, 2023, and
expect to assemble 60,000 units
in 2023. The target for 2024 is
150,000 units, with a capacity of
200,000 units, 100% for export.
Along with bicycles,
Panam Cycle also produce alloy
& steel frames, rigid forks, steel
handlebars, alloy rims, spokes ▲Equipment has a direct impact on efficiency and quality, so Panam Cycle is willing to invest in new equipment.
and a few other plastic parts.

SQ Group

A large group, branching into the bicycle
industry from cables and wires. The general
manager, Ashraful Islam (Tareg), mentioned that
the current factory is about 30 kilometers away
from the airport. The new factory plans to assemble
100,000 units and currently mainly focuses on the
domestic market. Tareg added that SQ is already
planning another new factory. It is expected that
bicycle assembly will begin within 6-10 months, with
a monthly target of 30,000 units. The new factory
will be 50 kilometers away from the airport, mainly ▲Joynil Akij (far right) is the key man who build up Akij to produce bicycles. Second from
left: Akij Chairman SK. Shamim Uddin, far left: Sales manager of Shuz Tung manager
focusing on the domestic market. Joy Huang, second from right: Shuz Tung sales representative Daniel Wang. (Photo:
Joy Huang)
Akij Venture

The factory is about 50 books due to the Covid-19
kilometers away from Dhaka. pandemic, even more people
Chairman Joynil Akij came from invested. At present, many new
RFL and has purchased assembly facilities are under construction
lines and wheel assembly lines, or have been completed and
planning to put a frame line into are purchasing equipment, and
production next year. some can even start production.
The bicycle industry Although facing global high
in Bangladesh has been inventory pressure, most
developing steadily. The fact production has now decreased,
that large groups can invest in but with the resilience and
the bicycle industry shows their optimism of Bangladesh, we
confidence in the future of the believe they can safely navigate
▲MD. Ashraful Islam (Tareg) is the Executive Director of IT &
Business Operations. (Photo: SQ Group) bicycles industry. Additionally, and move towards a broader
when everyone had full order future.