Chinese-owned SBS Zipper Bangladesh Co Ltd has started commercial production at the Bangladesh Export Processing Zones Authority’s (Bepza) Economic Zone-01 in Mirsharai, Chattogram, with an investment of $15.51 million.
The company manufactures zippers, zipper components, plastic buttons and related accessories, according to a Bepza press release issued on Tuesday.
The company has invested $15.51 million against a proposed investment of $19.97 million, the release said.
Spread across six industrial plots, the factory currently employs 140 Bangladeshi workers. It aims to create jobs for more than 2,000 local people once it reaches full-scale operations.
The inauguration ceremony was attended by the group’s chairman, international buyers, senior company officials and other guests.
Abdullah Al Mahbub, executive director of Bepza Economic Zone-01, also attended and congratulated the company on launching commercial production.
Bepza has allotted 263 of the 279 industrial plots in Economic Zone-01, along with a six-storey factory building, to 47 enterprises, according to the release.
Of these, 14 enterprises have started commercial production, while 17 are constructing factory buildings. Several others are expected to begin operations soon.