China company to set up plant in Karnaphuli EPZ
A Chinese company will set up a die-casting manufacturing plant in Karnaphuli Export Processing Zone (EPZ).
The company, M/s Bangladesh Vilia Casting Pvt Ltd, will invest US$ 4.16 million and will produce casting, which include lamppost, grill, steel ball, roadblock and other items. It will also create employment opportunity for 210 Bangladeshi and 10 foreign nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and Bangladesh Vilia Casting in Dhaka yesterday, said a Bepza press release.
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