Industrial Tour Report

on
Production system of MIDAS Safety
Bangladesh Ltd (IHPL).

Department of Management
University of Chittagong

1
 Industrial Tour Report
on
Production system of MIDAS Safety Bangladesh Ltd
(IHPL).

Prepared for
Mohammad Sarwar Alam
Lecturer

Prepared by
Fatema Akter
BBA Program
Session- 2013-14
ID – 14302038

Department of Management
University of Chittagong

Date of Submission- 16th June, 2019

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 Letter of Submission
16th June, 2019

Mohammad Sarwar Alam

Lecturer
Department of Management
University of Chittagong

Subject: Submission of Industrial Tour report on “Production system of MIDAS Safety

Bangladesh Ltd (IHPL).”

Dear Sir,

With due respect, I would like to inform you that I have prepared my Industrial Tour report
on “Production system of MIDAS Safety Bangladesh Ltd.” for the BBA program. I have
prepared this report based on the practical experience and information collected through
interview and observation of the working process of MIDAS Safety Bangladesh. There might
be errors through oversight in the report and I sincerely apology for such unintentional errors.
I would be grateful to you if you kindly consider my mistakes.

I hope you would be kind enough to accept my industrial tour report and oblige thereby.

Thanking you

-------------------

Fatema Akter

ID-14302038

BBA program
Session-2013-14
Department of Management
University of Chittagong

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 Acknowledgement

First of all, I would like to thank and express my deep gratitude towards the Almighty Allah
for making me enable to complete this report.

I express my heartiest gratitude and respect to my supervisor for his excellent guidance and
support to complete this report properly.

My sincere gratitude toward the MIDAS Safety Bangladesh officials Mr. Asif for helping me
to complete this report with giving information.

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 Executive Summary
This industrial tour report is prepared on production system of Midas Safety Bangladesh Ltd.

This report is prepared on the basis of primary and secondary knowledge. During the industrial

tour we have visited production department of Midas Safety Bangladesh Ltd .On the basis of

Supply Planning the Raw Materials and Packaging materials are being procured by

Procurement from National and International Suppliers where Inbound Logistics releases the

imported materials from port following customs formalities. This is then used for Production

and later Primary Sales (invoicing) is done by Customer Service and Distribution. The first

part of the report gave a short introduction on Midas Safety Bangladesh and history. The

second part is about business vision and mission and product portfolios. The third part is about

findings from the study of production system of MIDAS Safety Bangladesh Ltd. Finally at

last part brief Recommendations prepared from my brief knowledge on Midas Safety

Bangladesh production system. MIDAS Safety Bangladesh has their efficient production

system of various products they produce for protection. Although the production system if

efficient it has some problems like rejection of produced products, lead time, longer length of

time required to produce a single unit. The whole production process is too long but the

process produces quality products. Considering all these issues, the production system of

MIDAS Safety Bangladesh is quite efficient.

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 Table of Contents

Letter of submission ------------------------------------------------------------------------------- (i)

Acknowledgement --------------------------------------------------------------------------------- (ii)
Executive summary --------------------------------------------------------------------------------- (iii)

Chapter 01

1.1 Introduction------------------------------------------------------------------------------------ 02

1.2 Objectives of the study --------------------------------------------------------------------- 03

1.3 Scope of the study --------------------------------------------------------------------------- 03

1.4 Methodology of the study ------------------------------------------------------------------ 04

1.5 Limitations of the study --------------------------------------------------------------------- 04

Chapter 02

2.1 Company profile-------------------------------------------------------------------------------- 06

2.1.1 Departments of the company--------------------------------------------------------------- 08

2.1.2 Winning Strategy of the company -------------------------------------------------------- 08

2.1.3 Functions of the company ------------------------------------------------------------------ 09

2.2 Mission and vision of MIDAS Safety Bangladesh ---------------------------------------- 10

2.3 Main themes of the company ---------------------------------------------------------------- 10

2.4 Production department ------------------------------------------------------------------------ 10

2.5 Problems of raw materials ------------------------------------------------------------------ 11

2.6 Products of the company ---------------- --------------------------------------------------- 11

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Chapter 03

3.1.1 Production system Of Hand glove unit---------------------------------------------------- 17

3.1.2 Nitral Plant ------------------------------------------------------------------------------------ 18

3.1.3 Machine Knitting Unit ---------------------------------------------------------------------- 19

3.2 Hand gloves production in MIDAS Safety Bangladesh------------------------------------ 19

3.3 Manufacturing experience ---------------------------------------------------------------------- 19

3.4 Manufacturing Facilities ------------------------------------------------------------------------ 20

3.5 Spinning ------------------------------------------------------------------------------------------- 20

3.6 Fabric processing --------------------------------------------------------------------------------- 21

3.7 Plying ---------------------------------------------------------------------------------------------- 21

3.8 Latex Storage ------------------------------------------------------------------------------------- 22

3.9 Dipping -------------------------------------------------------------------------------------------- 22

3.10 Distinctions of production system ------------------------------------------------------------ 22

Chapter 04

Problems of production system of MIDAS Safety Bangladesh----------------------------- ---26

Recommendations------------------------------------------------------------------------------------- 26

Conclusion --------------------------------------------------------------------------------------------- 27

References---------------------------------------------------------------------------------------------- 28

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Chapter- 01

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1.1 Introduction

MIDAS was started in 1975 in Pakistan. The owner of the organization was from Gujarat. The
operated area of it is in India, Pakistan, Srilanka, Bangladesh, Canada and Middle East
country. Currently Head Quarter of Midas safety Bangladesh is in Canada. The name of the
sub-project of MIDAS is Industrial Hand Protection Ltd. It was located in Chittagong Export
Processing Zone (CEPZ). It is also known as Midas Safety Bangladesh. It is only related with
production of different types of hand gloves. It does all production according to the policy of
head office which is situated in Canada. Head office determines all types of production,
marketing, financial policy. Industrial Hand Protection Ltd implements the policy that is taken
by head office. MIDAS SAFETY BANGLADESH collects raw materials from Malaysia and
others countries. Then it converts these into finished products and export other countries
directed by head office. It produces different types of industrial gloves for the purpose of
export. MIDAS SAFETY BANGLADESH is fully export oriented industry. It runs its
production in two ways. One is automated production and another is semi-automated
production. It exports mainly in USA, Canada, Australia, South Africa, India, Holland, Spain
etc. At present it does not sell any products in our country. It also maintains large warehouses
for ensuring same day services .Their market share in the world is 48 million out of 120
Million. Sales Volume in 2016 is 6.3 million. In 2017 until April sales volume is 6.2 million.
and their targeted profit in 2020 is 1200 million. Their sourcing office is China in 2010. They
mostly export in India and USA. Their manufacturing Locations are India, Pakistan,
Bangladesh, and Canada.

Midas Safety’s mission is to provide us with the best in-class safety solutions.
They not only have the broadest range of high quality products with superb technical expertise
but also an unrivaled supply chain in every market. They have a passion for serving our
customers efficiently and are committed to establishing long term relationships. Our goal is
accomplished when your business progresses and thrives.

The global footprint of Midas Safety integrates in to a customer centric company where all
units are working towards a common goal of making your business, progress and thrive
safely. With their strategy office headquartered in Canada, They have expanded into many
regions world

2
 wide. Their state-of-the-art manufacturing facilities are located across Asia. Our research and
innovation centers are located in UK and Sri Lanka. Whereas our distribution network spans
across Middle-east, Gulf and Southeast Asia.

1.2 Objective of Study

The main objective of this study is to fulfill the requirement of BBA Program and the
requirement of Industrial tour.

The other objectives of this industrial tour are as below:

i) The prime objective of the study is to know the production process of the company, types of
raw materials and sources of the raw materials.
ii) To know the management system of the industry
iii) To identify an overview of MIDAS Safety Bangladesh Ltd.

1.3 Scope of the study

i. The scope of the study is production process of MIDAS Safety Bangladesh Ltd.
ii. The report is prepared to fulfill the requirement of the industrial tour.

3
 1.4 Methodology of the study

The study is conducted primarily in participatory research analysis method and secondary on
practical and theoretical analysis. The respected supervisor proposed to present what I have
learned from last 2 months.

The primary sources are as follows:

 Face-to-face conversation with the respective offices and stuffs of the branch.
 Observation of the production and management sector of the company.
 Face-to-face conversation with production related employees
 Related field study as provided by the officer

The secondary sources of data and the information are:

 Web site address

 Book basis articles

1.5 Limitations of the study

i) Shortage of time in preparing industrial tour report.

ii) Non-availability of hard copies of information.
iii) Preparing industrial tour report is troublesome.

4
Chapter 02

5
 2.1 Company Profile

Group Name MIDAS SAFETY

Name Industrial Hand Protection Limited(MIDAS
SAFETY BANGLADESH)
Address Plot No.6, Sector 1/A, Road No.5,
C.E.P.Z, Chittagong-4223, Bangladesh.
Year of Incorporation 2009
Year of Commercial Production 2010

Head office : Canada.

Head Office address 255 Duncan Mill Road, Suite 904Toronto,
Ontario, Canada M3B 3H9
Type of operation Manufacturing
Manufacturing Location: India, Pakistan, Bangladesh, UAE and Sri Lanka.
Legal status of the company: Private Limited Company
Nature of ownership: 100% Private Ownership
Initiative organization to establish this Foreign Direct Investment (FDI)
industry:
Product Safety Gloves.
No of Employee 150
No of Worker 850
Types 100% Foreign Investment (C Type)
Gloves production in Bangladesh: Automated process, Semi-Automated process
Market Europe, North America, South America, Asia,
Africa
Exporting Countries: USA, Canada, Australia, South Africa, Spain,
Russia, Holland, India Etc.

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Various processes involved in production  Knitting
 Dotting
 Cutting & Sewing
 ATRA
 Carton packing
Working hours for worker Day: 8:30 am. To 8:30 pm. / Night: 8:30 pm. to 8:30
am.
Working hours for staff 8:30 am. to 6:30 pm

Workers’ Absenteeism and Labor*&  Monthly absenteeism: 4-5%

Turnover (percentage)*  Labor turnover (%): 4-5%
Workers’ Council Workers’ Representative Welfare Council
(WRWC); in Process
No labor Union
 Fire extinguishers
 Two-way entry
Security Measures adopted by the  Evacuation plan
organization:  Preventive masks & hand gloves
 Fire-fighting demonstrations every six months

Type of company: Both Labor and Capital Intensive

Working Environment: Friendly
Business Strategy: Capture the Market through quality maintaining
Mode of Transaction: By letter of Credit
Product concern: Large

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2.1.1 Departments of the company

 Production Unit ( 1,2,3)

 PVC plant
 NMP Plant
 PVC and nitrile packing
 Mixing
 Machine knits
 Dotting
 Sewing
 Screen making
 Plying
 Cut and sewing
 ORRA
 QA
 HR & Admin
 R&D
 IE
 Finance & accounts

2.1.2 Winning Strategies of Midas Safety Bangladesh (IHPL)

Midas Safety successfully building and implementing a strategy within their company that
helps them to survive in the competitive world. It’s some winning strategy are given bellow.
Establishment of large warehouse which height is 50 feet
 Huge investment in research and development including 30% of time for improving
existing product and 70% on new innovative product.

 Straight short line production with improve quality product.

 Team spirit, open communication and co-ordination among the team member.

 Effective human resource department resulted in strong professional management

and marketing team.

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  Independent governing advisory boards in different countries.

 Strong purchase and finance department.

 Establishment of different training center for customer’s employees and new

employees.

 Time and money spend to create brand value (www.midassafety.com, 2018).

2.1.3 Functions of the Company

Manufacturing:
Midas Associates, a group of manufacturing facilities represented by Midas Safety, have the
expertise, passion and hard-won experience to bring the manufacturing processes right from
the spinning of the yarn to the dipping, packaging and delivery of the finished glove. All
production facilities are ISO 9001: 2008 certified, and all products are fully tested.

Product Range:
Midas has come to be known as the- super market of gloves with a diverse range of products
that it has to offer its customers in hand protection. Our gloves are used in a multitude of
industries, including automotive, chemical, environmental, food processing, aerospace etc.
Whichever Industry our gloves are made for, they provide the protection, dexterity and
comfort needed to achieve higher productivity and experience fewer injuries and employee
down time.

Private Branding:
We are proud to call ourselves the private branding specialist. With state of the art in-house
equipment, we deliver high quality personalized glove markings, hangtags, cartons and
dispenser boxes that can increase your market exposure and build your brand recognition. Our
core strength is the ability to customize glove design as well as production to individual
customer specifications. When you choose Midas Safety gloves, you choose a completely
reliable product that you can pass on to your own customers confidently with your brand on
it.

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Global Structure:
The global footprint of Midas Safety integrates in to a customer centric company where all
units are working towards a common goal of making your business, progress and thrive safely.
Our vision is to develop customer-centric innovative products of high quality. Our ambition
is to deliver the right product every time.

2.2 Mission and Vision of MIDAS SAFETY BANGLADESH:

Vision 2020: To be one of the leading 5 safety companies in the world

Mission:
1. Great team work.
2. Quality And innovative production.
3. Brand recognition in emerging world market.

2.3 Main Themes of the Company:

• Service.
• Quality.
• Cost Competitiveness.
• Innovation
• Organizational Structure.

2.4 Production Department

Simply, Production is the process of converting raw materials into finished goods that have
utility values. Production refers to the processes and methods employed to transform tangible
input (materials, semi-finished goods, or subassemblies) and intangible inputs (ideas,
information, knowledge) into goods or services. Production management refers to the job of
coordinating and controlling the activities required making a product, typically involving

10
effective control of scheduling, cost, performance, quality, and waste requirements. MIDAS
SAFETY BANGLADESH production system is customer based. So MIDAS SAFETY
BANGLADESH production system is intermittent. MIDAS SAFETY BANGLADESH
production planning and production scheduling is order based.

2.5 Problems in procuring raw-materials:

• Rising cost

• More time to collect raw material

• Frequent change in price

Overcoming problems in procuring raw materials:

• Building loyal relationship with suppliers

• Better transportation

2.6 Types of Products

There are different kinds of hand gloves are producing MIDAS SAFETY BANGLADESH.
Products are as follows –

* Journey gloves

* Industrial gloves

* Chemical resistance gloves

* Hit resistance gloves

* Fashion garments gloves

* Medical gloves

* Cut resistance gloves

* Sports gloves etc

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While an unabridged list of safety gloves may never be feasible the following accounts for
the styles, applications, and image of some glove types.

Name Application Image

PVC | Flex Shield™  Handling of grease-coated

products

 Materials handling

 Commercial fishing

 Food processing

 Chemical handling

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Laminated Rubber | Resistor™ Construction

 Agriculture

 Recycling

 Glass and sheet metal handling

 Sheet metal handling

Dyneema® | Dyneema® Latex
Coated
 Glass and ceramics handling

 Stationary blade handling

 Food processing
Cotton/Polycotton | Polyester
Blends
 Shipping and receiving

 Light fabrication

 General maintenance

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Cotton/Polycotton |  Materials handling
Nitrile
Palm/Blocks
 Agriculture

 Bottling industry

 Roofing

 Glass and ceramics handling

Kevlar® | 100% Kevlar® Gloves

 Automotive manufacturing

 Paper industry

 Inspection
Nylon/Polyester | 100% Nylon
Lint Free
 Pre- and post-painting

 Electronics fabrication

 Delicate assembly

 Agriculture
Cotton C&S | Double Palm
Drills
 Light fabrication

 Refining

 Low/moderate heat applications

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  Construction work
Next-Gen | Splash Nitrile - Cut
Resistant
 General maintenance

 Mechanical work

Nitrile | Hercules™ Lite 7000

 Shipping and receiving

Series
 Gardening

 Light/medium fabrication

 Durable goods assembly

 General plant use

Special Pvc | Shield 200™ With

 Commercial fishing

Chips
 Forestry

 Mining

 Recycling operations

 Waste management

DIPPED PVC |  Parts cleaning

SHIELD
ECONOMY 200 SERIES™
 Maintenance

 General plant use

 Basic liquid protection

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Chapter 03

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 Analysis and Findings

3.1 Production system

Total 1012 people (870 workers and 142 employees) are worked in IHPL for producing of
hand gloves. Raw materials are important for gloves production. How IHPL produce hand
gloves that means how chemical and yarn convert into hand gloves? There are two production
process of hand gloves such as
1. Automated hand gloves production procedure
2. Semi- automated hand gloves production procedure

Figure: Automated hand gloves production procedure.

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 Figure: Semi- automated hand gloves production procedure.

3.1.2 Nitral Plant

Main functions start from here. Linels are loaded to former from nitral plant. In linel,
methanol dip is made to enhance quality. Then latex is done. Natural latex are of many
colors. In blower, latex are dried with air. The time between woven and blower is jailing
time which is about 13 minutes on an average. Then comes controller system from where
machine is controlled. There are 11 woven where 9 are active.

After this, overlock section comes. Overlock is done according to the requirement of the
customers. Then the products are packed with checking quality.

Total Plants are;

1. PVC plant
2. Nitrile Auto Plant
3. Nitrile manual plant
4. Packaging area
5. R&D Lab
6. Washing area

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3.1.3 Machine Knitting Unit

There are 393 machine in the production system in machine knitting. These are

Gauges Quantity of machine

7 227
10 16
13 54
15 96

There more the gauges the more smooth the gloves are. Semi-Finished Gloves (SFG) are
made in knitting.

CVC- Cnict Value Cotton are made of nylon cotton.

3.2 Hand gloves production in MIDAS Safety Bangladesh

i. Production capacity per shift is 700-750 units with two shifts and total production in
a day is 1400-1500.
ii. A full round process requires 23 minutes to produce a single unit.
iii. Chain length is 84 meter, chain speed is 3.6 rmp per side 350 DP
iv. Gloves series -100, 200, 500, 600, 3000, 4000 etc.
v. Per day fully rejected units 0.1%.
vi. Defects are categorized as Category A, B, C where A= Small amount of defect, B=
Mid-level amount of defects, and C= Excess amount of defects.

3.3 Manufacturing Experience

Midas Safety has more than 35 years of experience as a global manufacturer of Personal
Protection Equipment. From a single manufacturing unit in its early days, Midas Safety has
vertically integrated to 15 facilities across 10 countries, covering all stages of the product
development cycle: procurement of raw materials, spinning and plying their own yarn, and

19
manufacturing the end products.

Midas Associates have factories located throughout Asia, in Pakistan, Sri Lanka and
Bangladesh. All manufacturing units have installed 9001 Quality Assurance Systems, which
are regularly audited by independent external auditors.

Midas Safety is known by its customers as the no. 1 global private-label safety glove
manufacturer in the world. For over 30 years, hundreds of globally renowned PPE safety
brands have been relying on Midas Safety as a credible OEM of industrial safety gloves. Their
vast range of products makes us the only super market of gloves, committed to offering
consistent quality and innovative solutions to their customers across 50 countries. Their
customers know that their business can progress and thrive safely when they work with us.
This is demonstrated every day through exceptional customer service, high quality product
manufacturing and industry knowledge.

3.4 MANUFACTURING FACILITIES

From a single manufacturing unit in its early days, Midas Safety has, over time, vertically
integrated to 15 facilities across 10 countries, covering all stages of the product development
cycle; from procurement of raw materials, and spinning and plying their own yarn, till the
manufacturing of the end product. Midas Associates have factories located throughout Asia,
in Pakistan, Sri Lanka and Bangladesh. All manufacturing units have installed 9001 Quality
Assurance Systems, which are regularly audited by independent external auditors.

3.5 SPINNING

Their associates’ state-of-the-art spinning mill is located in the heart of Pakistan’s rich cotton
belt. The mill is able to transform bales of raw cotton into fine yarns. These yarns are then
knitted or woven into fabrics for liners. These yarns are also used in their machine-knitting
factories to produce seamless knitted gloves and shells for coated glove manufacturing. Great
care is taken in the selection of the raw materials used in all parts of the process. Only the

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most reputable suppliers are trusted to partner with them in their quest to meet and exceed the
high quality standards of their many certifications.

3.6 FABRIC PROCESSING

Fabric refers to any material made through weaving, knitting, spreading, crocheting or
bonding yarns. The knitting process produces fabrics by interloping yarns. The weaving
process produces fabric by interlacing yarns. Bleaching and fire-resistant treatment can be
performed when requested by the customer. Midas products combine (or use stand-alone) a
wide variety of textile fibers and yarns, including cotton yarns, textured polyester and nylon,
more exotic high-performance yarns like glass, steel, and aramid (e.g., Kevlar® and Nomex®)
and Ultra-High Molecular weight Polyethylene (e.g., Dyneema®). Midas Associates include
several certified Kevlar® licensees, able to spin Kevlar® yarn, in several counts, for Midas’
own use!

3.7 PLYING

Covering - The covering process combines two or more yarns. This composite yarn is made
of a central part called the core and an outside part referred to as the covering yarn or just
cover. Very often, the core is a spandex, steel or glass fiber, improving the performance of the
wrapped yarn. There are different types of yarn covering:

 Conventional covering - To produce single or double-covered yarns (one or two covers

over a core yarn)
 Air covering - To produce yarns that are simply intermingled

Advantage of in-house covering - A balanced yarn can be made to enhance various properties:
resistance to abrasion, cut, tear, puncture, etc. In-house covering allows us the freedom to
select yarns that optimize both performance and the cost of the final product, as per their
custom order.

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3.8 LATEX STORAGE

Natural rubber is one of Sri Lanka’s most abundant rest their cues. Their associates purchase
raw latex from local plantations and process it for glove production. The latex is then delivered
to their disposable and supported glove factories that surround Colombo, Sri Lanka.

3.9 DIPPING

In the final stages of manufacturing, the glove liners are placed on hand-shaped glove molds,
then dipped or flow coated with various polymers such as natural rubber, neoprene, nitrile,
PVC, silicone, and PU (polyurethane). The procedure of dipping provides improved
protective properties to the resulting gloves, such as increased degrees of grip, durability,
flexibility, splash protection and chemical protection. In addition to the mainstays, Midas
offers several unique proprietary coatings

3.10 Distinctions of production system

3.10.1 Best In-class Safety Products

Quality is a core value at Midas Safety. They define the best quality product the way you
would: one that fully, continuously, and proactively meets your needs. All the products they
offer are tested against International Industry Standards. They are the authorized distributors
of the leading safety brands of the Industry. These include 3M, North Safety, Sperian, Haws,
MSA, Aearo, Dupont, and Salisbury, to name a few.

3.10.2 Personalized Safety Solutions

Midas Safety Distribution offers the broadest range of safety equipment across the region, all
under a single roof. The range of products available at Midas Safety spans all industrial sectors
and operational purposes, from chemical handling to automotive assembly. Their customers
value the personalized services we provide, and this is because they are provided with safety
solutions that have been customized from a broad range of products to exactly match their
requirements.

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 3.10.3 Delivery – On time, Every Time

Their job is not limited to creating the best in safety equipment; it includes efficient
management of their stock, and making sure that you get your orders on time, in full. The
inventory is managed by the centralized ERP which is used to plan and manage the entire
stock of safety equipment across the cross-border Midas Safety offices, factories and storage
facilities. They also deliver to many parts of the Middle East within 24 hours.

3.10.4 Customer Service

Service underpins everything that they do, and each member of our team has instilled in
themselves a desire to exceed your expectations. Their core values: Responsive, Friendly,
Reliable are integral to their team’s success. The technical knowledge of their team surpasses
any other as they are trained routinely and benefit immensely from the Midas Safety
manufacturing and global knowledge pool.

3.10.5 Accessible Safety for Everyone

They are truly committed to their goal of protecting the people of the world. They show their
commitment through not only the vast range of products that we offer, but the variety of price
points for which Midas Safety products are available. This makes their products accessible to
all kinds of manufacturing companies, big and small. Their sales and support teams help you
choose the products that are closest to our requirements and budget.

3.10.6 Continuous Innovation

They continuously strive to move ahead by adopting technology and new trends that can help
optimize our business performance through exceptional service. This belief makes them one
of the most progressive and innovative safety distribution companies in the industry. When
we work with them, we can be sure we are working with a partner that is evolving every day
to serve us better.

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 3.10.7 Established and Trusted

Midas Safety raises the bar of industry standards as the number one global private-label safety
glove manufacturer in the world. For over 30 years, hundreds of globally renowned PPE safety
brands have been relying on Midas Safety as a credible OEM to manufacture their industrial
safety gloves. Their customers know that their business can progress and thrive safely when
they work with them. This is demonstrated every day through exceptional customer service,
high-quality product manufacturing, and industry knowledge.

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Chapter 04

25
Problems in production system of MIDAS Safety Bangladesh

MIDAS Safety Bangladesh although one of the most prominent companies in protection it
has some internal as well as external problem in production system and in relation to
production. These problems are;

 Lack of infrastructural development of the organization.

 Poor investment in research and development to make production system more
efficient.
 0.1% rejection of produced products.
 Long time in the process of production like 23 minutes per unit.
 Have no own power supply system.
 Have no local supply of raw material.
 Lead time
 Shortage of raw material availability
 Import of Liner in the production of hand gloves.

Recommendations

 Participation in fairs to promote products.

 Continuous quality improvement concept may be applied for the improvement of the
quality of the product.
 Investment in research and development has to extend to initiate a new idea.
 MIDAS SAFETY BANGLADESH may try to produce raw material in production
country.
 MIDAS SAFETY BANGLADESH may introduce the updated technology in the
production to increase productivity.
 MIDAS SAFETY BANGLADESH may try its best to minimize the lead time of the
shipment of hand gloves.

26
Conclusion

By Observing the above discussion we can conclude that the company has been maintaining
excellent production system since its beginning with only a few problems. Apart from the
startup, this matter of proud for company that it never incurred a loss since 2010. The products
of the company have wide market demand all over the world. The company earns a lot of
foreign exchange which plays an important role in our national economy. Industrial Hand
Protection Ltd is already role model for export oriented industry sector within few years.
Because of its quality product, uniqueness of their product, export volume and so on. Some
of the strong points of Midas safety are: Innovation, varieties of product, best quality ensured
at reasonable price, skilled personnel. One of the main problem is that MIDAS SAFETY
BANGLADESH uses automated machineries which hamper targeted production in case of
electricity disruption. It imports all raw materials but it sometime faces problems due to time
limitation. If MIDAS SAFETY BANGLADESH can overcome its drawbacks it will increase
a large extent the volume of profit. The production capacity of MIDAS SAFETY
BANGLADESH is limited because of their limited area. So this need to be considered by
concerned authority.

27
References

 http://bd.midas-safety.com
 https://en.wikipedia.org/wiki/Personal_protective_equipment
 Magazine, M. S. (2016). Midas Safety Bangladesh (IHPL). Chittagong, Bangladesh:
Midas Safety
 www.midassafety.careers/corporate_principles. (2018, August 26). Retrieved August
26, 2018, from Midas Safety: http://midassafety.careers/corporate_principles.
 www.midassafety.com/quality. (2018, August 26). Retrieved August 26, 2018, from
Midas Safety: http://www.midassafety.com/quality.
 https://www.midassafety.com/.
 https://bangladesh.tradeford.com/bd387822/

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