# Olympic Industries invests Tk 28Cr to expand bakery business

Olympic Industries decided to invest about Tk 28 crore to import equipment for a second baked snacks processing line at its Narayanganj factory, a new corrugated board production line, and civil construction for storage expansion. The second processing line will add 200 tonnes of baked snacks per month.

- Type: Expansion
- Announced: 2022-09-01
- Where: Narayanganj, Bangladesh, Bangladesh
- Value: $3.30M (280.0M BDT)
- Status: announced
- Capacity: 200 tonnes per month (baked snacks); 102 million pieces per annum (cartons)
- Products: baked snacks, chocolate, corrugated cartons
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Olympic Industries](https://endata.com/companies/65097.md)
- [Lucerne Cocoa & Chocolate Products](https://endata.com/companies/65098.md) (supplier)

## Sources

- [thedailystar.net](https://www.thedailystar.net/business/organisation-news/news/olympic-invest-tk-28cr-expand-bakery-business-3109156), 2022-09-02: "Bakery products maker Olympic Industries has decided to invest about Tk 28 crore as it looks to expand the business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.