6 industrial units of S. Alam Group shut down

Chattogram,  24 Dec-Six factories, including power plant, and sugar mills, of Chattogram-based industrial giant ‘S Alam Group’, were shut indefinitely without citing any ground.

The factories were S Alam Refined Sugar Industries, S Alam Power Plant Ltd, S Alam Cold Rolled Steels Ltd, S Alam Cold Rolled Steels Ltd (SALAMCRST), S Alam Power Generation Ltd, and Infinity CR Strips Industries Lt.

Of them, edible oil and sugar mills factories were shut by issuing notices and the four others verbally.

The notices, signed by Mohammad Borhan Uddin, head of human resources and administration department of the group, were issued in these regards on Tuesday.

However, security, delivery and emergency departments of the factories will remain functional as per the decision of the company.

Soon after the announcement of the closure, workers staged demonstrations in front of the factories demanding to keep open. The factories are located in Kalapool, Ichhanagar areas on the banks of the Karnaphuli River and Gandamara area under Banshkhali upazila.

Wishing not to be named, an official of the group said the interim government has given a six month timeframe to the S Alam Group to settle the issues of assets and investments.

If the issues are not settled by the stipulated time, the government will move to the International arbitration.

Officials of the industrial group expressed reluctance to talk to the media about the matter.