Home / Knowledge / News / Yet another foreign investment on its way to Karnaphuli EPZ
Yet another foreign investment on its way to Karnaphuli EPZ
Jul '08
Two Taiwanese footwear companies, La Luna Shoes (BD) Limited and Sheng Tseng Enterprises Company Ltd have shown their interest for setting up their respective manufacturing units in the extension area (CSD) of Karnaphuli Export Processing Zone.

Together the companies intend to invest US $28.15 million for installing plants here.

La Luna Shoes (BD) Limited, a 100 percent foreign-owned company plans to produce here around 2,500,000 pairs of shoes of various types, annually. Investment for this project will reach around US $19.83 million. This will create job opportunities for near about 2,340 Bangladeshis and 115 foreigners.

Sheng Tseng Enterprises Company Ltd will set up a shoe accessories and plastic products manufacturing facility, here with an investment of $8.31 million, to produce 4,000,000 pairs of shoe accessories, outsole and plastic products. Around 539 Bangladeshi and 9 foreign nationals are expected to get employment in this plant.

An official source from the Karnaphuli EPZ informed Fibre2fashion, “Total 8 Plots have been assigned for the above investment. Each measuring approximately 2000 square meters.”

Recently, an agreement to this effect was inked between the Bangladesh Export Processing Zones Authority (BEPZA) and these two companies, in BEPZA Complex, Dhaka. Mr Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Chiu Po Yu, Managing Director of La Luna Shoes (BD) Limited were present on behalf of their respective organizations.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search