Anthente Bulk Bag Limited, a Chinese company, is set to invest US $10 million in the BEPZA Economic Zone (BEPZA EZ) to establish a container bag manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company recently at the BEPZA Complex in Dhaka, according to a press release.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc, attended the signing ceremony, alongside senior officials from BEPZA and representatives from Anthente Bulk Bag Limited. Member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Managing Director of Anthente Bulk Bag Ma Xiaoming signed the agreement on behalf of their respective organizations.
The Chinese company plans to produce 2.8 million pcs of Flexible Intermediate Bulk Containers (FIBC) bags, bulk bags, woven and non-woven bags annually, creating employment opportunities for 1150 Bangladeshi nationals.