Bangladeshi firm to set up backward linkage industry in Ishwardi EPZ

Adnan Fibre Ltd, a Bangladeshi company, is going to establish a backward linkage industry in Ishwardi Export Processing Zone (IEPZ).

They will invest $20.66 million to produce 25,000 tonnes of polyester staple (PSF) fibre per annum.

The company will produce PSF from the PET flakes, which will be collected locally and the factory will create employment opportunities for 514 Bangladeshi nationals, the Bangladesh Export Processing Zones Authority (Bepza) said in a statement today.

It is the first such type of factory in Ishwardi EPZ and will be the second in EPZs under the Bepza.

Bangladesh Export Processing Zones Authority (BEPZA) and Adnan Fibre Limited signed an agreement to this effect today (06-02-2022) at BEPZA Complex, Dhaka.

Ali Reza Mazid, member for investment promotion of the Bepza, and Kh Adnan Mehmood, managing director of Adnan Fibre, signed an agreement in this regard at the Bepza Complex in Dhaka.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bepza, attended the deal signing ceremony.