Chinese Company to Invest $8.07 Million in BEPZA EZ

A manufacturing enterprise for shoe accessories will be established in the BEPZA Economic Zone by the Chinese company Ms KPST Shoes (BD) Co Limited (BEPZA EZ).

According to a press statement, this entirely foreign-owned company would invest $8.07 million, creating employment prospects for 2650 Bangladeshi nationals.

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The company will create 0.3 million cubic meters of EVA and PU foam in addition to 30 million pairs of insoles, outsoles, and midsoles each year.

The operation of the factory will reduce the reliance on the importation of the aforementioned materials by the nation’s export-oriented shoe industry.

On behalf of their respective companies, LUO Zhexian, the managing director of KPST Shoes (BD) Co Ltd, and Ali Reza Mazid, Member (Investment Promotion) of BEPZA, inked a contract today at the city’s BEPZA Complex.

Major General Abul Kalam Mohammad Ziaur Rahman, the executive chairman of BEPZA, was present when the deal was signed.

A total of 12 businesses, including M/s. KPST Shoes, were approved by BEPZA to develop industries in BEPZA EZ, the organization’s largest project. These businesses are looking to invest a total of $251.78 million.

The Executive Director (Admin) Md. Zakir Hossain Chowdhury, Project Director of BEPZA EZ Md. Hafizur Rahman, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Admin) Md. Za

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