A&E to set up thread plant in Karnaphuli EPZ | The Daily Star
12:00 AM, November 29, 2007 / LAST MODIFIED: 12:00 AM, November 29, 2007

A&E to set up thread plant in Karnaphuli EPZ

M/s American and Efird ( A&E Bangladesh) Ltd will set up an industrial sewing thread plant in Karnaphuli EPZ.
The foreign company jointly sponsored by America and Sri Lanka will invest $7.222 million to produce 13 million cones of thread annually.
The company will create employment opportunity for 115 Bangladeshi nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and A&E Bangladesh Limited in Bepza Complex here Tuesday.
Prasanta Bhushan Barua, member (Investment Promotion) of Bepza, and Shafraz Meezan, chief operating officer of A&E (Bangladesh) Ltd, signed the lease agreement on behalf of their sides, while Brig Gen Ashraf Abdullah Yussuf, Bepza executive chairman, among others, was present.

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