Preview

Launch of Bangladesh’s First Long Lasting Impregnated Net (Llin) Plant

Good Essays
Open Document
Open Document
948 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Launch of Bangladesh’s First Long Lasting Impregnated Net (Llin) Plant
Launch of Bangladesh’s First Long Lasting Impregnated Net (LLIN)
Plant


Plant located in Social Business Industrial Park in Sarabo, Kashimpur,
Gazipur



Focus on production and marketing of specially treated mosquito nets, under brand name Interceptor® utilizing BASF’s technology

Dhaka, Bangladesh – March 23, 2012 – BASF Grameen Limited, a social business joint venture between BASF, the world’s leading chemical company, and Grameen
Healthcare Trust of Bangladesh, can now source from a local production plant located in Social Business Industrial Park in Sarabo, the plant owned and operated by Grameen
Fabrics & Fashions Limited, will manufacture long lasting insecticide impregnated nets under the brand name Interceptor® that can prevent malaria infections effectively.
These nets will be marketed by BASF Grameen Limited.

The plant was inaugurated at the hands of Nobel Laureate, Professor Muhammad
Yunus and Mrs. Saori Dubourg, President Asia Pacific, BASF, at a public function held at the plant premises.

In his opening remarks, Professor Yunus said, “Social business is a non-dividend company to solve a specific social problem. We are very happy that BASF, the world’s leading chemical company, has come forward to set up a social business in Bangladesh to reduce the incidence of malaria in Bangladesh. This joint venture will inspire other companies to come forward to create social business. I invite every company, big or small, to create a small social business company along with their existing company.”

Speaking about this milestone achievement, Saori Dubourg said, “BASF Grameen combines BASF’s social commitment with an innovative business model to improve healthcare for the people of Bangladesh. Health hazards from malaria remain a serious concern. With its products BASF can make a significant contribution to fight malaria.
This is why this first local LLIN production facility will manufacture coated mosquito bed nets that

You May Also Find These Documents Helpful

  • Good Essays

    The company has an opportunity to improve its social responsibility and turn what it views as issues into positive interactions with the community. The company should consider implementing the following plans:…

    • 739 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    External Speaker Critique

    • 1211 Words
    • 5 Pages

    The speaker adapted well to this audience everyone there wants the information about the company. The…

    • 1211 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    The company has a unique approach to achieve strong sustainable leadership positions in markets that offer potential for profitable growth. It announces that “We bring together the combined strength of a group which operates in 50 countries, with more than 428,000 employees, to deliver the same superior standards of service globally, daily, personally”.…

    • 3119 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Swot Analysis Future Shop

    • 1108 Words
    • 5 Pages

    Identify the mission, the vision, philosophy and the objectives of the company & Made a comparison between the time when they started their activities with which they are rendered today…

    • 1108 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    * Try to identify the company’s vision. Does it have an apparent core ideology? BHAG?…

    • 1503 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Scope's Business

    • 586 Words
    • 3 Pages

    The company will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come.…

    • 586 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    This company cares, approaching its work with a kind of youthful optimism. Blessed with an innate ability to link unrelated concepts to form new ideas, this organization sees many possible solutions to any need. It is a good communicator, but does better as a force behind the scenes or in one-on-one persuasion than as a mass communicator.…

    • 1282 Words
    • 6 Pages
    Better Essays
  • Good Essays

    - The social mission was fulfilled by operating the company in a way that acticely recognizes the central role that business plays in the structure of society by initiating innovative ways to improve the quality of life of the broad community: local, national and international.…

    • 777 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    We are living at an age where the customer or the consumer has been brought at the center stage of business enterprises. This consciousness has been necessitated by the rudiments of marketing which stipulate that every product or services should be innovated with the customer in the mind. But beyond providing these goods and service there has also emerged the need to care about the welfare of the consumers in terms of their health, environment, education and general wellbeing. Corporate social responsibility has come up to fill this gap. In this discourse, we are going to look at International Business Machines (IBM) and its social responsibility initiatives.…

    • 1301 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Career Research 1

    • 253 Words
    • 3 Pages

    This company is a really successful financial company that has an excellent team to work with.…

    • 253 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Chevron Case Study

    • 3969 Words
    • 16 Pages

    “Our Company 's foundation is built on our Values, which distinguish us and guide our actions. We conduct our business in a socially responsible and ethical manner. We respect the law, support universal human rights, protect the environment, and benefit the communities where we work."…

    • 3969 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Managerial Finance Paper

    • 799 Words
    • 4 Pages

    This term paper is a requirement for the course Managerial Finance (FIN435) under our honorable instructor Md. Lutfur Rahman, the Department of Business Administration, East West University.…

    • 799 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Consumers are going to most likely use or purchase a product from a company that social ties in the communities or globally. Ben and Jerry’s Ice Cream, Inc. is an example of a company with social responsibility. Ben and Jerry’s company, social mission benefits many of their stakeholders like their employees, and community not just their shareholders. Ben and Jerry’s company belief in “linked prosperity” that as the company grows the owners are going to share the wealth with not only their share holder but the community and employees (“Who are We”, 2013). Ben and Jerry’s was the first company to publicly issue, an annual social performance report (“The Journal of Applied Business Research”2013).In the mid 80’s, the company started a public stock to support the growth of the company, Ben and Jerry’s created a Ben and Jerry’s Foundation which Ben donated 50,000 shares and board of director commits about 7.5% of the pretax profit from the company annual profit to the foundation(“Who are We”,2013). The main goal of the foundation was to give away the profit that Ben and Jerry’s ice cream company generated. Later on the Ben and Jerry’s had major change in the ownership structure and now is owned by Unilver. However, even with new ownership the foundation still gains support from Unilver to continue to foundation fund the grants. The Ben and Jerry’s foundation receive about 2 million dollars in 2009 from Unviler. Ben and…

    • 1517 Words
    • 7 Pages
    Better Essays
  • Good Essays

    into their integral goal and success. Not only does the company want the quality of life in…

    • 878 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Financial Ratio and Company

    • 4506 Words
    • 19 Pages

    One company growing by nourishing lives and finding a better way today one bite at a time…

    • 4506 Words
    • 19 Pages
    Satisfactory Essays