Pran-RFL Group has been manufacturing lifts in Bangladesh since 2018 and has so far invested around Tk 200 crore to reduce dependence on imported ones, said RN Paul, managing director of RFL Group.
Hubbell Power Systems Inc., a subsidiary of Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, has acquired RFL Electronics Inc., an indirect wholly owned subsidiary of SL Industries Inc. (NYSE: SLI), Mt.