Chinese investor KPST is set to expand its business in BEPZA Economic Zone-1 (BEPZA EZ-1) by establishing a second manufacturing facility with an investment of US$ 7.01 million. The new project, KPST New Material (BD) Co., Ltd., reflects the company’s continued confidence in the Bangladesh Export Processing Zones Authority (BEPZA) and its investment-friendly services and support.
To this end, the company signed a land lease agreement with BEPZA today, 14 October 2026, at the BEPZA Complex in Dhaka. The new facility will manufacture footwear accessories, bag and luggage components, paper products, printed materials and other related items, creating employment opportunities for 200 Bangladeshi nationals.
Md. Tanvir Hossain, Member (Investment Promotion) of BEPZA, and Mr. Zhang Youguo, Director of KPST New Material (BD) Co., Ltd., signed the agreement on behalf of their respective organizations. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain, ndc, afwc, psc, G, MPhil, along with senior BEPZA officials, witnessed the signing ceremony.
The company will establish its factory on 7,200 square metres of land in BEPZA EZ-1. The facility will have an annual production capacity of 11 million pairs of footwear accessories, 24,000 cubic metres of foam, 200,000 cutting boards and 250,000 cutting dies/moulds, alongside other products. The company will supply its products to footwear manufacturers in India and Cambodia, as well as to export-oriented footwear factories in Bangladesh.
Notably, KPST Shoes (BD) Company Ltd., an affiliated company under the same ownership, was the first enterprise to commence export operations from BEPZA EZ-1. Its factory has been in production since November 2023. The decision to establish a second project in the same zone highlights the investor’s confidence in BEPZA and its commitment to expanding manufacturing operations in Bangladesh.
Welcoming the investment, BEPZA Executive Chairman expressed his sincere appreciation to KPST for its continued trust in BEPZA and its decision to expand operations in Bangladesh.
Speaking on the occasion, Mr. Zhang Youguo, Director of KPST New Material (BD) Co., Ltd., said that the company had decided to establish a second factory in BEPZA Economic Zone-1 in response to the growing demand and increasing orders for products manufactured at its first facility. Considering the overall investment environment, the company had chosen BEPZA for its expansion. He expressed optimism that the new venture would open up further business opportunities for the company and thanked BEPZA for its continued support and cooperation.
The signing ceremony was attended by Abdullah Al Mamun, Member (Engineering); Lieutenant Colonel Md. Mohseen Hasan, BSP, psc, Executive Director (Security); Samir Biswas, Executive Director (Administration); Moshiuddin Bin Mesbah, Executive Director (Enterprise Services); A.S.M. Anwar Parvez, Executive Director (Public Relations); and other senior BEPZA officials, along with representatives of KPST New Material (BD) Co., Ltd.
Located in Mirsharai, Chattogram, BEPZA Economic Zone was divided into two separate zones-BEPZA Economic Zone-1 and BEPZA Economic Zone-2- to manage administrative and operational activities more effectively. As of September 2026, 14 enterprises were operating in BEPZA EZ-1, while another 33 were at the implementation stage. The zone has recorded cumulative exports of US$ 68.29 million and total investment of US$ 98.83 million, generating employment for 4,428 Bangladeshi nationals.
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