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2 Swedish companies keen to work in RMG, power sectors

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Friday 16 June, 2017 04:16:46 pm

2 Swedish companies keen to work in RMG, power sectors

From Golam Moin Uddin, UNB Staff Writer

 

Stockholm (Sweden), June 16 (UNB) - Two leading Swedish companies -- Investor AB and ABB Sweden -- have expressed their keen interest to work for the development of Bangladesh’s RMG and power sectors.

 

The offer came when President of Investor Jacob Wallenberg and Vice President of Investor Marcus Wallenberg and CEO of ABB Sweden Johan Soderstrom separately met Prime Minister Sheikh Hasina at Grand Hotel.

 

PM's Press Secretary Ihsanul Karim briefed reporters after the meetings.

 

Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. At year-end 2013 it had a market value of 190.9 billion kronor (€21.4 billion, $29.4 billion), a discount to the Net Asset Value of 11.4%.

 

ABB Sweden employs 8,950 people in Sweden and has operations in 30 different locations.

 

In Sweden, ABB Sweden is a leading supplier of products and systems for power transmission as well as for process and industrial automation. Västerås with about 4,200 employees and Ludvika with about 2,700 are the two largest centers of operation.

 

Later, President and CEO of H&M Karl-Johan Persson met the Prime Minister, also at her place of residence.

 

During the meeting, the Prime Minister highlighted various steps of her government for the development of the RMG sector.

 

She also urged the buyers to raise the prices of RMG products saying that this would eventually benefit the workers.

 

Foreign Minister AH Mahmood Ali, Senior PMO Secretary Suraiya Begum, Foreign Secretary Md Shahidul Haque, Bangladesh Ambassador to Sweden Md Golam Sarwar and Swedish Ambassador to Bangladesh Johan Frisell, FBCCI President Shafiul Islam Mohiuddin and BGMEA President Siddiqur Rahman were present at the meetings.