Korean firm to invest $8.62 mn in BEPZA shoe accessories factory

14 Aug '23

1 min read

Pic: Bangladesh Export Processing Zone Authority Economic Zone

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South Korean company Dongwoo BD Ltd will invest $8.62 million to establish a shoe accessories manufacturing industry in the BEPZA Economic Zone.
The agreement was recently signed at the BEPZA Complex in Dhaka.
This fully foreign-owned company will create jobs for 513 Bangladeshis and will produce 3.6 million metres of PU synthetic leather annually.

South Korean company Dongwoo BD Ltd is going to set up a shoe accessories manufacturing industry in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) with an investment of $8.62 million. BEPZA signed an agreement with the company to this effect at BEPZA Complex, Dhaka recently.

The fully foreign owned company will create employment opportunities for 513 Bangladeshis and will produce annually 3.6 million metres all kinds of PU synthetic leather, BEPZA said in a press release.

In presence of the executive chairman of BEPZA major general Abul Kalam Mohammad Ziaur Rahman, Ali Reza Mazid, member (investment promotion) of BEPZA, and Kim Dong Kyu, chairman of Dongwoo BD Ltd, signed the agreement on behalf of their respective organisations.

Among others, member (engineering) Mohammad Faruque Alam, executive director (public relations) Nazma Binte Alamgir, executive director (investment promotion) Md Tanvir Hossain, and executive director (enterprise services) Md Khorshid Alam were present during the signing ceremony.

Fibre2Fashion News Desk (NB)

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