Berger Paints raises investment plan for new Mirsarai factory

Berger Paints Bangladesh has increased its planned investment to Tk 980 crore, up from the previously declared Tk 813 crore, for a new factory at the National Special Economic Zone (NSEZ) in Mirsarai, Chattogram.

The company shared the information through a disclosure on the Dhaka Stock Exchange website today.

The increase reflects design changes aimed at improving efficiency through enhanced automation, instrumentation, and a manufacturing execution system, as well as higher construction material costs due to inflation.

The board also approved a revised date for commercial production, moving it to April 1, 2027, to accommodate the additional time required for the design changes.

The new facility will include a water-based paint plant, warehouses, and other essential infrastructure to meet rising demand and support future growth.

As of September 30, 2025, sponsors and directors held 89.76 percent of Berger Paints' shares, institutional investors 8.30 percent, foreign investors 0.10 percent, and the public 1.84 percent, according to DSE data.