Chattogram:Chinese investor KPST is set to expand its operations in BEPZA Economic Zone-1 by establishing a second manufacturing facility with a $7.01 million investment. The new project, KPST New Material (BD) Co., Ltd., underscores the company's confidence in the Bangladesh Export Processing Zones Authority (BEPZA) and its supportive services.
According to Bangladesh Sangbad Sangstha, a land lease agreement for this expansion was signed at the BEPZA Complex, with Md. Tanvir Hossain of BEPZA and Mr. Zhang Youguo of KPST New Material (BD) Co., Ltd. representing their respective organizations. The ceremony was attended by BEPZA Executive Chairman Major General Mohammad Moazzem Hossain and other senior officials.
The new facility, which will cover 7,200 square meters, plans to produce footwear accessories, bag and luggage components, paper products, and more, creating 200 jobs for Bangladeshi nationals. It will have an annual production capacity of 11 million pairs of footwear accessories, 24,000 cubic meters of foam, and other related products. These will be supplied to footwear manufacturers in India, Cambodia, and export-oriented factories in Bangladesh.
KPST Shoes (BD) Company Ltd., under the same ownership, was the first to begin export operations from BEPZA EZ-1. The decision to establish a second project in the zone highlights KPST's commitment to expanding manufacturing operations in Bangladesh due to increasing demand.
BEPZA Executive Chairman expressed appreciation for KPST's trust and investment. Mr. Zhang Youguo noted the growing demand for products from their first facility prompted this expansion, emphasizing the business opportunities it opens and thanking BEPZA for its support.
Chattogram's Mirsharai hosts BEPZA Economic Zone, divided into two zones for more effective management. As of September 2026, the zone had 14 operating enterprises, 33 in implementation, and has recorded exports of $68.29 million, with total investments of $98.83 million, employing 4,428 nationals.