Chinese firm to invest $1.26m in new manufacturing facility

Baida Industrial Company Limited, a Chinese company, is going to invest $1.26 million to set up a Printed Materials and Packaging Products manufacturing industry at Uttara Export Processing Zone (UEPZ) in Nilphamari, reports UNB.

A deal was signed in this regard at a ceremony at the BEPZA Complex in Dhaka on Tuesday in the presence of Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman.

Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Zhang Hu, Managing Director of Baida Industrial Company Ltd, signed the agreement.

This foreign-owned company will produce 8,000 tonnes of various types of carton boxes, paper bags, box files/storage boxes, different types of books and magazines, sticker/label/hang tag/barcode stickers, calendars, diaries and different types of printed cards yearly.

Some 1,150 Bangladeshi nationals will get employment opportunities in this company, according to a press release.