Wednesday, 28 September, 2022

Bangladeshi co to invest $5.7m in Ishwardi EPZ

  • Staff Correspondent
  • 8 August, 2022 12:00 AM
  • Print news
Bangladeshi co to invest $5.7m in Ishwardi EPZ

Lynpers Chemical Industries Limited, a local company, is going to set up a textile chemical industry in Ishwardi Export Processing Zone (IEPZ).

The local company will invest $ 5.7 million to produce 9 million kg of textile auxiliary chemical like Green Acid, Wetting and Detergent, Green Soda, Cotton Levelling, Polyester Levelling, Softener, Silicon, Fixing, Wash Off, Stabilizer, Sequestering per annum.

About 121 Bangladeshi nationals will get employment opportunity in this factory.

Bangladesh Export Processing Zones Authority (BEPZA) and Lynpers Chemical Industries Limited signed an agreement to this effect recently at BEPZA Complex in Dhaka.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chairman of Lynpers Chemical Industries Limited Md Rofiqul Islam Mondal signed the agreement on behalf of their respective organisations.

The Executive Chairman of BEPZA Maj Gen Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Project Director of BEPZA EZ Md. Hafizur Rahman, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam of BEPZA and Managing Director of Lynpers Chemical Industries Limited SK Rezwanul Haque were present during the signing ceremony.