A Bangladeshi chemical company, Lynpers Chemical Industries Ltd, set to invest $5.7 million in the Ishwardi Export Processing Zone (IEPZ) to establish a textile chemical industry there.
According to a press statement issued on Sunday, the company will produce nine million kg of textile auxiliary chemicals, including green acid, detergent, green soda, cotton levelling, polyester levelling, softener, etc per annum in their industry.
In this regard, Bangladesh Export Processing Zones Authority (Bepza) and Lynpers Chemical signed an agreement on 3 August at Bepza Complex in Dhaka.
The statement said that at least 121 Bangladeshi nationals will get employment opportunities in this factory.
Ali Reza Mazid, member of Bepza and Md Rofiqul Islam Mondal, chairman of Lynpers Chemical Industries signed the agreement on behalf of their respective organizations.
Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was also present on the occasion.
Among others from Bepza, members Mohammad Faruque Alam, Nafisa Banu, Executive Directors Md Tanvir Hossain and Md Khorshid Alam; Project Director Bepza EZ Md Hafizur Rahman, and Lynpers Chemical Managing Director SK Rezwanul Haque were also present during the signing ceremony.