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Established in the year 1969, a first welding electrode manufacturing Industry in the soil of the then East Pakistan with total plant and machinery from Switzerland. This Industry was taken over by the Govt. of Bangladesh in the year 1973 as abandoned property. In the year 1984 this was disinvested and Mr. A.R Khan, Ex. Deputy Secretary and founder Chairman purchased this industry as a highest bidder and continued business as a Private Limited Company up to March,1997.

 

Under technical collaboration and licensing agreement with OERLIKON WELDING LTD, Zurich, Switzerland, the company continued manufacturing and marketing of world re-known OERLIKON brand welding electrodes namely Citobest, Overcord-s, Overcord-ss, Fincord-M, Supercito, Universe, Inox, Citorail etc for about 12 years.

 
 

The Private Limited Company was then converted into a Public Limited one and entered into the Stock Market through Initial Public offering (IPO) in December 1999 to set-up an Industrial Oxygen plant at Chittagong to serve the customers with the full range of welding products. Henceforth it is a public limited company duly enlisted with Dhaka and Chittagong stock exchanges.

 
 

After successful completion of contractual obligation with OERLIKON Welding Ltd, Switzerland the company acquired electrode-making formulations for about 30 brands with detailed raw-material specs. Subsequent to that BWEL started marketing the brands in its own name such as Volta marine, Super-x-plus etc as an INDEPENDENT MANUFACTURER duly recognized by LLyod’s Register of shipping, Bureau Veritas and Germanischer LLyod.

 
 

The company has got its own quality-testing laboratory for in house testing of chemical composition and mechanical properties of core wire and all weld metal of electrodes in Bangladesh.

 
 

There has been a major change in the equity of the company since May 2009. Five out of eight Sponsors have sold their entire share holding being 34.54% of the paid-up capital of the company to Govt. owned Investment Corporation of Bangladesh (ICB).

 
 

By virtue of major share holding by a single entity, ICB now is the Chairman of the Board of Directors of the company.

 
     
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