Things turned around near the end of 2020. With Bangladesh’s improved political stability, it became easier to find financial options for projects. At the same time, the players seeking to enter and establish themselves on the market, or grow their business further, changed. Where we previously felt interest from smaller companies, trying to establish themselves, we now saw big players entering the fray – companies able to secure financing for their projects and even several companies which had no prior involvement with LPG.
As a result, opportunities started to present themselves. To give an idea of just how many opportunities, here is an impressive number: in just 3 months, our team managed to land orders in Bangladesh for a value that exceeded their total annual budget for the entire southeast Asia region. An unprecedented achievement for us in that part of the world.
These orders included both LPG cylinder filling plants and our first cylinder manufacturing plant in Bangladesh.