South Korean firm to invest $24m in manufacturingplants at BEPZA EZ

South Korean company PH Creative (BD) Ltd is set to invest US$24.03 million to establish a range of manufacturing plants at the BEPZA Economic Zone (EZ).
To this end, the Bangladesh Export Processing Zones Authority (BEPZA) and PH Creative (BD) Ltd signed a land lease agreement at the BEPZA Complex in Dhaka on Monday, according to a press release.
Md Tanvir Hossain, executive director (Investment Promotion) of BEPZA, and Jin Ho Bae, chairman of PH Creative (BD) Ltd, signed the agreement on behalf of their respective organisations.
Under the agreement, a high-tech manufacturing facility will be set up to produce tents, camping equipment, garment accessories and luggage. The investment highlights the growing appeal of the BEPZA Economic Zone as a preferred destination for global manufacturers seeking to diversify beyond traditional textile production.
PH Creative (BD) Ltd will manufacture a wide range of products, including steel, aluminium and iron frames; fibreglass poles; tents; sleeping bags; camping chairs; and various accessories such as PVC wear covers, caps, chair patches, hangers and hammers. The company will also produce trolley bags, handbags and garment accessories such as toggles and beads.
The project is expected to generate employment for around 2,000 Bangladeshi nationals.
In his remarks, the BEPZA Executive Chairman thanked PH Creative (BD) Ltd for choosing Bangladesh—particularly the BEPZA Economic Zone—as its investment destination. He also encouraged the company and other South Korean investors to explore further opportunities in high-tech sectors, especially semiconductors and electronic products.

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