Chinese co to set up $1.02m leather industry at Chattogram EPZ

Business Desk | Published: 22:38, Jun 03,2020


The Bangladesh Export Processing Zones Authority (BEPZA) and Chinese company M/s Unicorn Leather Goods Factory Limited signed an agreement on Wednesday under which the company will establish a leather and artificial leather products manufacturing industry at the Chattogram Export Processing Zone, said press release.

BEPZA member (engineering) Mohammad Faruque Alam and Unicorn Leather Goods Factory managing director Kang Yanhong signed the deal on behalf of their respective organisations at the BEPZA Complex in Dhaka.

The company will invest $1.02 million to produce 1 million bags, belts, wallets and various leather items annually and employ 764 Bangladeshi nationals.

BEPZA secretary Md Nabirul Islam, general manager (public relations) Nazma Binte Alamgir and general manager (investment promotion) Md Tanvir Hossain were present, among others, at the signing. — New Age

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