“One Belt and One Road”: Connecting INVT and Bangladesh
China's “One Belt and One Road" strategy, an initiative to promote economic and cultural ties with neighboring countries, will create opportunities for everyone and every country involved. Under the belt and road, China plans to revive the ancient trade routes that connect Asian countries such as Kazakhstan, Uzbekistan and Bangladesh with Western Europe, which creates huge opportunities for Chinese companies as well as Bangladesh companies. As a leading company in industry automation and energy power, INVT sees huge opportunities based on our previous experience in Bangladesh. Let’s review the development of INVT business in Bangladesh and the cooperation between INVT and Bangladesh local partners.
Milestones of business development
As one of the earliest Chinese companies entered the market of Bangladesh in 2006, INVT developed into a reputable national enterprise from unbranded inverter company. INVT has been growing rapidly over the past few years because we have extended our product lines and services, achieving up to 3000% percent turnover growth. So far, we achieved a compound annual growth rate (CAGR) of more than 30% over 2006-2017 as expected, which will be expected to grow under the belt and road. So far, we have built up sales network to meet the increasing requirements of the local market and service center to provide warranty service.
Successful Big Projects in Bangladesh
Entering into the Bangladesh market over the years, we have a gained a thorough understanding of local requirements, which, combined with our experience in the various industry, going far beyond the solutions offered by other Chinese companies. Not only before, the application of INVT GD300-SP in spinning machine in Dhaka, Bangladesh help to save energy, improve production efficiency, and increase reliability.
To maximize production, quality and costs management, our client had several demands:
1. The motor should be running in multi-speed
2. Decrease the breaking ratio
3. Save energy and improve the production efficiency.
1. Installing INVT GD300-SP inverter, drive the main motor of spinning machine.
2. Setting different frequencies and lengths during small yarn operation, middle yarn operation and thick yarn operation separately.
With reliable solutions powered by INVT, the manufacture saved up to more than 20% energy, improved production efficiency about 10% -20% and cut costs. With the use of GD300-022G-4-SP inverter, the running current of motor has decreased 20%. Quality of yarn is greatly improved.
INVT will continue to be a leading provider in a relentless effort to provide reliable products and solutions, to ensure market competitiveness and to reduce the cost of manufacturing.
The Story Behind the cooperation
AA electronic, which is our earliest partners in Bangladesh, has been cooperating with INVT for more than 10 years. With more than 10 years efforts, AA and INVT have smashed up the European and American monopoly, making INVT’s inverter widely used in Narayanganj District and working in many different applications in textile and many other industrial fields.
With successful commissioning of GD300-SP, which is a type of inverter that specific for spinning machine, in Narayanganj and Gazipur between 2016 and 2017, INVT has successfully won the project of stage upgrade project of one of the largest textile factories in Bangladesh. In the year of 2018, that textile factory will start to execute the stage upgrade project by adopting the product of GD300-SP and making good use of the reliable solution that provided by INVT as we generated at this district.
Taking Off Into the Future
INVT has been making efforts to exploring the ways in which innovations are contributing to Bangladesh’s development and industry upgrading for years, scoring tremendous achievements. Under the initiatives, INVT intends to make good use of its edge technology to address challenges in Bangladesh, including energy saving and more and to boost the development of Bangladesh by optimizing the infrastructure construction and improving the living conditions of dwellers.
INVT, established in 2002, is committed to be the globally leading and respected provider for products and services of industrial automation and electric power. In 2010, it listed as an A-share company on the Shenzhen Stock Exchange (stock code: 002334). INVT is the national torch plan key high-tech enterprise, now has 16 subsidiaries, in 12 major research and development center of the country, the patent application for all kinds of more than 800, on power electronics, electric drive, automatic control, key technology, such as information technology, the main products include general purpose inverter, elevator intelligent control system, servo system, PLC, HMI, SVG, UPS, motor and electric spindle, photovoltaic inverter, online management system for energy conservation and emissions reduction, rail transit traction system, new energy automobile electronic control system, etc. INVT has more than 3,000 employees, three large production bases, and marketing networks in more than 60 countries and regions in China and abroad.