Chinese textile firm to set up manufacturing plant at BEPZA EZ

Chinese textile manufacturer Huarun Tex Co Ltd has signed a US$30 million investment deal with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a yarn and woven fabric manufacturing plant at the BEPZA Economic Zone in Mirsharai, Chattogram.
The project is expected to create jobs for 580 Bangladeshi nationals and strengthen the country’s textile manufacturing capacity.
Under the agreement, Huarun Tex will establish the factory on 36,000 square metres of land within the economic zone. Once fully operational, the plant will have an annual production capacity of 24,000 tonnes of yarn and 20 million metres of grey woven fabric.
The land lease agreement was signed on Thursday at the BEPZA Complex in Dhaka, according to a press release.
Md Tanvir Hossain, member (Investment Promotion) of BEPZA, and Bin Wang, managing director of Huarun Tex Co Ltd, signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Maj GenMohammad Moazzem Hossain witnessed the signing ceremony.
The BEPZA executive chairman thanked Huarun Tex for choosing Bangladesh, particularly the BEPZA Economic Zone, as the destination for its investment.
He said BEPZA was committed to providing investors with a safe, modern and business-friendly environment and assured the company of full support to ensure smooth operations.
The ceremony was attended by senior BEPZA officials, including Abdullah Al Mamun, member (Engineering); A N M Foyzul Haque, member (Finance); Md Khorshid Alam, executive director (Enterprise Services); Samir Biswas, executive director (Administration); Mohammad Anamul Haque, project director of the BEPZA Economic Zone; and A S M Anwar Parvez, executive director (Public Relations), along with representatives of Huarun Tex.
The investment comes as Bangladesh continues to seek greater foreign investment in manufacturing and deepen its role in global textile and apparel supply chains.