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South Korean Company M/s. Jong Hyun Hi-Tech Ind. Co. Limited
is going to establish a Polyester Staple Fiber (PSF) manufacturing industry
with an investment of US$ 6 million in Mongla EPZ. This product would be used
as inner lining of Jackets, raw materials of polyester yarn etc. that will be helpful
for export oriented forward linkage industries in reducing lead-time. The
factory will give highest importance to avoid environmental pollution in manufacturing
PSF.
This foreign owned company will produce annually 10,000
Metric Tons of Polyester Staple Fiber. Jong Hyun Hi-Tech will create employment
opportunity for 313 Bangladeshi nationals.
An agreement to this effect signed between the
Bangladesh Export Processing Zones Authority (BEPZA) and M/s. Jong Hyun Hi-Tech
Ind. Co. Limited at BEPZA Complex, Dhaka on 04 March2020. Mr. Zillur Rahman
ndc, Member (Investment Promotion) of BEPZA and Mr. Min Soo Lee, Managing
Director of Jong Hyun Hi-Tech inked the agreement on behalf of their respective
organizations. The Executive Chairman of BEPZA Major General S M Salahuddin
Islam, BP, SPP, ndc, psc witnessed the signing ceremony.
Among others, Mr. Md. Nabirul Islam, Secretary,
Nazma Binte Alamgir, General Manager (Public Relations) and Md. Tanvir Hossain,
General Manager (Investment Promotion) of BEPZA were also present during the
occasion.