SBS Zipper Bangladesh Co Ltd, a 100-per cent Chinese-owned enterprise, has begun commercial operations at BEPZA Economic Zone-01 in Mirsharai, Chattogram, marking a new milestone in the country’s export-oriented industrial development.
The factory formally inaugurated its commercial operations on October 20 in the presence of the group’s chairman, international buyers, senior company officials and distinguished guests, reports BSS, citing a press release.
Abdullah Al Mahbub, executive director of BEPZA Economic Zone-01, attended the ceremony and congratulated the company on the commencement of its operations.
The company has invested US$15.51 million against its proposed investment of US$19.97 million.
Established on six industrial plots, the factory manufactures various types of zippers, zipper components, plastic buttons and related accessories.
The enterprise currently employs 140 Bangladeshi workers and plans to create employment opportunities for more than 2,000 local people when it reaches full-scale operations.
BEPZA Economic Zone-01 has allotted 263 of its 279 industrial plots and one six-storey factory building to 47 enterprises.
Of them, 14 enterprises are currently in commercial production, while several others are expected to begin operations soon. Construction of factory buildings is underway at 17 enterprises
The commencement of production by SBS Zipper Bangladesh is expected to contribute to employment generation, foreign direct investment and export-oriented industrialisation in Bangladesh, while reflecting continued foreign investor interest in the economic zone.
