Taiwanese co to set up RMG unit in KEPZ

http://www.newagebd.com/2009/jan/23/busi.html#9

Taiwanese co to set up RMG unit in KEPZ

Business Desk

A Taiwanese company will set up a garments accessories manufacturing industry in the extension area CSD of Karnaphuli Export Processing Zone.

The company, Lasting Spring Metal Industries Limited, will invest $10,205 million for setting up the plant, said a release.

It will create employment opportunity for 648 Bangladeshis and 14 foreign nationals. The Bangladesh Export Processing Zones Authority and the company signed an investment agreement in BEPZA complex in Dhaka on Thursday.

Prasanta Bhushan Barua, member (investment promotion) of BEPZA, and Rachel Wu, chairman of Lasting Spring Metal Industries Limited, signed the agreement.

Brig gen Jamil Ahmed Khan, executive chairman of BEPZA, were present on the occasion.

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