Manpower recruitment process and risk management of RFL Group

Abstract

In light of Bangladesh's substantial economic growth, increasing tendency and client penetration rates, and the liberalization process is taking place in the light engineering industry. RFL is one of the largest plastic manufacturers around the world (3rdlargest in Asia). RFL is a sister concern of PRAN-RFL group. The group has a turnover in the vicinity of USD $0.78 billion annually. Primarily Rangpur Foundry Ltd (RFL) was founded by Maj. Gen. Amjad Khan Chowdhury (Retd) in 1981 with a vision to leveraging the farmer in irrigation through cast iron products like centrifugal pump as well as ensuring drinking water through Tube well. It commenced its operation in plastics business in 2003. The factory sites are in company owned industrial parks of 400,000 sq meters, which is fully equipped with state of the art injection molding machines with a conversation capacity of over 20,000 tons per month. RFL Plastics currently utilizes 7500 molds through 620 machines having own tooling facilities. Presently, it is one of the biggest sectors of Bangladesh. As a populous country, its huge market has attracted many foreign investors to invest in this sector.