Member (Investment Promotion) of BEPZA Md Ashraful Kabir and Managing Director of Anthente Bulk Bag Ltd Ma Xiaoming signed an agreement at the BEPZA Complex in the city recently in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. Anthente Bulk Bag Ltd, a Chinese company, will invest US$ 10 million in BEPZA Economic Zone (BEPZA EZ) to establish a container bag manufacturing industry, reports BSS.
In this connection, an agreement was signed between Anthente Bulk Bag and Bangladesh Export Processing Zones Authority (BEPZA) at the BEPZA Complex in the city recently.
Member (Investment Promotion) of BEPZA Md Ashraful Kabir and Managing Director of Anthente Bulk Bag Ltd Ma Xiaoming signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, attended the signing ceremony, alongside senior officials from BEPZA and representatives from Anthente Bulk Bag Ltd.
The Chinese company plans to produce 2.8 million pieces of Flexible Intermediate Bulk Containers (FIBC) bag, bulk bag, woven and non-woven bag annually, creating employment opportunities for 1150 Bangladeshi nationals.
BEPZA Executive Chairman thanked Anthente Bulk Bag for choosing BEPZA EZ as their investment destination, highlighting BEPZA's commitment to providing a secure and supportive environment for investors.
The manufacturing plant will produce medium and high-grade container bags and export to international markets, including the United States, Japan, Australia, and South America.
The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md Imtiaz Hossain, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Admin) Md Tazim-Ur-Rahman, Executive Director (Public Relations) ASM Anwar Parvez and representatives of Anthente Bulk Bag Ltd.
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