Home ›› Trade

Chinese company to invest $9.5m in Mongla EPZ

BSS . Dhaka
20 Jun 2023 17:52:14 | Update: 20 Jun 2023 18:09:16
Chinese company to invest $9.5m in Mongla EPZ
— BSS Photo

Chinese company M/s Yuanshun Enterprise Co Limited is going to set up a packaging industry in Mongla Export Processing Zone (Mongla EPZ).

They will invest $9.49 million where 490 Bangladeshi nationals will get employment opportunities, said a press release.

This 100 per cent foreign owned company will produce annually 10 million pcs of different kinds of boxes for packaging like paper boxes, jewelry boxes, jewelry bags, watch boxes, gift boxes including cartons.

Bangladesh Export Processing Zone Authority (BEPZA) and M/s Yuanshun Enterprise recently signed an agreement to this effect at BEPZA Complex in the city.

Ali Reza Mazid, member (Investment Promotion) of BEPZA, and Lin Yuan, managing director of Yuanshun Enterprise Co Limited, signed the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the agreement signing ceremony.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam were present in the signing ceremony.