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New Leather plant at Mongla EPZ

February 22, 2015

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$21.5m leather plant at Mongla EPZ

Suman Saha, The Daily Star

A new export-oriented leather company, Rich Time Enterprise, is gearing to start operations in March to grab a share of the fast expanding global leather and footwear market.

Bangladesh is a promising place for the leather industry thanks to its abundance of raw materials and cheap labour, said Md Suzan, managing director of Rich Time Enterprise.

The company, a China-Bangladesh joint venture, is currently importing machineries for its 20,000 square feet-plant at Mongla Export Processing Zone.

The plant will cost $21.5 million (Tk 167 crore), which is the biggest investment proposal in the EPZ, and will have an annual production capacity of five million square feet of finished leather, two lakh pieces of bags and one lakh pairs of shoes.

Read more at: http://www.thedailystar.net/business/21-5m-leather-plant-at-mongla-epz-6126

 

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