RUNNER AUTOMOBILES LIMITED
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Runner Automobiles Limited (RAL) was founded in 2000 in Bangladesh. At present, the company is considered the largest domestic motorcycle manufacturer, with an annual production capacity of 50,000 units and a domestic market share of about 13%.
What is our funding objective?
RAL wants to implement an integrated management system that is aligned with and compliant to international standards. The management system will cover Quality Management System (ISO 9001:2008), Environment Management System (14001:2005) and Occupational Health & Safety Assessment Series.
Why do we fund this investment?
FMO is very active in Bangladesh on environmental and social issues, though mainly focused on ship recycling up to this point. The current capacity development grant will further support the development of high environmental and social standards in Bangladesh.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 10/20/2014
- End date
- 7/13/2016
- Total FMO financing
- EUR 0.00 MLN
- Funding
- FMO NV