CartonCraft to invest $2.5m in BEPZA EZ

Bangladeshi company CartonCraft Limited is going to invest US$ 2.51 million to set up a Packaging and Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ), reports BSS.
Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at the BEPZA Complex in the city on Thursday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Syed Mohammad Hasan, Managing Director of CartonCraft Limited signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
The company will produce annually 72 million pcs of Corrugated Carton, Poly, Elastic, Tags and 28.8 million meters Gum Tape with creating employment opportunity for 325 Bangladeshi nationals.
Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Admin) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Public Relations) A.S.M. Anwar Parvez along with representative of the enterprise were present on the occasion.