A leading bearing manufacturer SKF will set up its office in Bangladesh this year to strengthen its presence in the local market, said its regional head for Bangladesh recently.
The country office will be followed by investment and large scale spending for corporate social responsibility, said Tanmay Mohapatra.
He spoke at a seminar in the city where more than 200 engineers from 75 leading industries in the country took part, according to a statement of SKF.
Gothenburg-based SKF Group is a leading global supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems.
Local factory owners face difficulties in using bearings due to excessive use of counterfeit products, said Harun-or-Rashid, director of Micro Tools and Machineries, sole distributor of SKF bearings.
SKF accounts for 60 percent of the total bearing consumption in the local market, said M Ziaul Hasan Siddique, technical manager of Skeftech Pvt Ltd.
But in real sense, the local market share of the company would be around 20 percent as counterfeit bearings with SKF logo cater the rest, he said.
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