Bangladesh Economic News

German company to invest US$ 4.5m at Adamjee EPZ

November 8, 2009 · Leave a Comment

http://nation.ittefaq.com/issues/2009/11/09/news0034.htm

German company to invest US$ 4.5m at Adamjee EPZ

Business Report

German Company M/S Cancun Food Produces Limited is going to set up a High Tech Food Processing Industry in the Adamjee Export Processing Zone.

This foreign owned company will invest 4.5 million US dollar in their unit and will produce process food items.

The company will also create employment opportunity for 382 Bangladeshi nationals, a BEPZA press release said.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and Cancun Food Produces Limited at BEPZA Complex here today

Md. Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA and Sheikh Badal Ahmed, Chairman of Cancun Food Produces Ltd signed the agreement on behalf of their respective organizations.

Among others, Brig General Jamil Ahmed Khan, Executive Chairman of BEPZA, M. Mahbub ul Alam, Member (Engineering), AKM Mahabubur Rahman, Member (Finance), Md. Shawkat Nabi, Secretary, AZM Azizur Rahman, general Manager (Investment Promotion) and other officers of BEPZA were present at the signing ceremony.

Categories: Agriculture/Agricultural Security/Agro-Products · Business, Investment and Investing Opportunities