The principal objective of The IBN SINA Polymer Industry Ltd. is to carry on manufacturing and selling of Polymer products including PET bottles, compression molding, plastic caps, eye drops plastic vials, plastic drops, douche plastic bottles, polybags, etc. in first phase. In second phase, the Company intends to manufacture printed aluminum blister foils, laminated strips foils, PVC films, poly laminated alu foils, etc.
The IBN SINA Pharmaceutical Industry PLC and its sister concerns are major user of this products. After fulfilling the captive need, the excess capacity of the company will be utilized by selling its products to the fellow pharma and related concerns locally and abroad in future.
The IBN SINA Polymer Project is located at Chalkpara, Mawna, Gazipur, Bangladesh. The basic land development works of the project has been started, Building construction works is underway to complete within the projected time.
View of ongoing development of IBN SINA Polymer Project
Board of Directors of The IBN SINA Polymer Industry Ltd.
Name |
Designation |
---|---|
Prof. Dr. Choudhury Mahmood Hasan (Nominated by The IBN SINA Trust) |
Chairman |
Kazi Harun or Rashid (Nominated by The IBN SINA Pharmaceutical Industry PLC) |
Managing Director |
Prof. Dr. AKM Sadrul Islam (Nominated by The IBN SINA Pharmaceutical Industry PLC) |
Director |
Dr. Mohammad Ayub Mia (Nominated by The IBN SINA Pharmaceutical Industry PLC) |
Director |
Md. Abdus Salam FCA, FCS |
Independent Director |
Compliance of Bangladesh Securities and Exchange Commission’s (BSEC) Code of Governance of Board of Directors of The IBN SINA Polymer Industry Ltd., Subsidiary Company of The IBN SINA Pharmaceutical Industry PLC
- Provisions relating to the composition of the Board of the holding company, The IBN SINA Pharmaceutical Industry PLC was made as applicable to the composition of the Board of the subsidiary company, The IBN SINA Polymer Industry Ltd.;
- Abdus Sadeque Bhuiyan BSS (Hon’s) MSS, DU Independent Director of the holding company is the Independent Director on the Board of The IBN SINA Polymer Industry Ltd.;
- The minutes of the Board meeting of The IBN SINA Polymer Industry Ltd. are being placed for review at the following Board meeting of the holding company, The IBN SINA Pharmaceutical Industry PLC;
- The minutes of the respective Board meeting of the holding company, The IBN SINA Pharmaceutical Industry PLC duly state that they review the affairs of The IBN SINA Polymer Industry Ltd. also;
- The Audit Committee of the holding company, The IBN SINA Pharmaceutical Industry PLC also review the financial statements, in particular the investments made by the subsidiary company, The IBN SINA Polymer Industry Ltd.