Dhaka: The Bangladesh Economic Zones Authority (BEZA) has officially handed over 12.5 acres of land to China Lesso Group in the National Special Economic Zone (EZ). This significant move is expected to bring a substantial investment of approximately $32.772 million into the region.
According to Bangladesh Sangbad Sangstha, China Lesso Group plans to utilize the land for the production of a wide array of products including PVC pipes, PEX pipes, solar panels, sanitary ware, kitchen equipment, doors and windows, water purifiers, waterproofing materials, fire-fighting equipment, cables, lighting, and environmental protection products. The company’s expansion into Bangladesh will also focus on local manufacturing of these products.
BEZA Executive Chairman Chowdhury Ashik Mahmud Bin Harun remarked that this handover represents a step towards creating an investment-friendly and innovation-driven industrial environment. He expressed optimism that this development would encourage further investment in the zone.
A representative from China Lesso Group highlighted that the project would emphasize environment-friendly products and renewable energy, alongside financial gains. The company, a manufacturing giant, posted revenues of approximately $974 million in 2024 and employs around 20,000 people globally with production facilities in various countries, including Indonesia, Cambodia, Thailand, Malaysia, and the Philippines.
Both BEZA and China Lesso Group anticipate that this investment will enhance the economic significance and growth potential of the zone. Currently, the National Special EZ is home to 15 operational industrial units, with several more under construction.