Golden Son to make solar lights, CPU casings

http://www.thedailystar.net/newDesign/news-details.php?nid=134437

Golden Son to make solar lights, CPU casings
Twin projects to cost Tk 25cr, shares jump 3.98pc

Sohel Parvez

Golden Son Ltd is set to venture into making solar powered lights and central processing unit (CPU) casings for computers with a focus on domestic and international markets.

Golden Son makes an array of products — aerosols, household items, perfumes, body sprays, air-fresheners, garment accessories, sporting toys, fans and fan accessories.

The initial cost of the two projects has been estimated at Tk 25 crore.

Production of the solar powered light-emitting-diode (LED) modules will start in August and the project that will make CPU casings will start in September, the company said in a filing to Dhaka Stock Exchange (DSE) yesterday.

Golden Son shares rose 3.98 percent to Tk 81.60 on DSE.

The Bangladesh-Taiwan joint venture said it has taken up the project to make solar energy system, LED lighting modules, for the masses, considering demand for green energy at home and abroad.

As per plans, the company wants to make 3-watt equivalent lights and 4.5-watt solar panels.

“It will be handy and easy to use,” said Belal Ahmed, managing director of Golden Son.

The company says the life span of these bulbs is 50,000 hours and the life of the module is 25 years.

“We want to cater to local and world markets,” said Belal, adding that Golden Son aims to make up to 10 lakh pieces of such LED lights in the first year after starting production.

Referring to the plan for computer CPU casings, Belal said Golden Son has taken the venture to target the local market that depends on imports.

“Every year a huge quantity of casings of CPUs is imported forcing consumers to buy covers at high costs. We want to supply CPU covers at a price lower than imported ones,” said Belal.

Golden Son said it would implement these two projects by borrowing from banks and investing its own.

The company said it would log an additional annual profit of Tk 10 crore after the implementation of these two projects.