The new factory is expected to provide employment opportunities to 3,182 Bangladeshi nationals. The company will produce 5,100 tons of raw and dyed yarn annually, according to a press release by Bangladesh Export Processing Zone Authority (BEPZA).
Ali Reza Mazid, member (investment promotion) of BEPZA, and Ding Feng, vice general manager of Lugang Technology (Bangladesh) Limited, signed an agreement to this effect on behalf of their respective organisations at BEPZA Complex, Dhaka. BEPZA executive chairman major general Abul Kalam Mohammad Ziaur Rahman witnessed the agreement signing ceremony.
Member (engineering) Mohammad Faruque Alam, member (finance) Nafisa Banu, executive director (administration) Md Zakir Hossain Chowdhury, executive director (investment promotion) Md Tanvir Hossain, and additional executive director (public relations) Anwar Parvez along with representatives of the enterprise were also present during the signing ceremony.
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