News Details

• 11/7/2020

Steel structure makers boom with mega projects

Makers of steel structures, known as pre-engineered buildings (PEB), are expecting good business riding on some big government projects. 

The projects, worth around Tk50,000 crore, include metro-rail stations, Dhaka Hazrat Shahjalal International Airport's third terminal, expansion of Osmani International Airport, Sylhet and Shah Amanat International Airport at Chittagong.

Around 30 percent of the total cost of these projects will be on steel structures, according to officials and sector players.

"We expect the PEB industry to grow by 40-45 percent in the next two to three years, thanks to some upcoming mega-projects of the government," said Alomay Biswas, chief engineer of Steelpac Ltd, one of the leading companies in this sector.

Businesses use PEB for their manufacturing plants to save time and cost because these structures cost less than half of concrete structures. PEB makers supply all components to the plant site, and then assemble them with nuts, bolts and anchor bolts.

According to industry insiders, around 100 companies are now providing PEB solutions in Bangladesh. At least 20 companies have entered the market in the last five years.

Some of the big firms are Magnum Engineering and Construction, Bangladesh Building System, Steelpack, a concern of Energypac Engineering, McDonald Steel Building Products, Quantum Builders and Engineering, Build Trade Engineering Ltd, PEB Steel Alliance, ALM Steel Building Technology, Tiger Steel Bangladesh and Newaz Steel Ltd.