US-owned BD Lepachu to invest $5m in IEPZ

 
BD Lepachu Limited, a 100 percent US-owned company, is set to invest US$ 5 million to establish a Wigs (Educational Hair Mannequin Heads) manufacturing industry in Ishwardi Export Processing Zone (EPZ). 
Bangladesh Export Processing Zones Authority (BEPZA) signed a land lease agreement with the company at the BEPZA Complex on Sunday.

The company will manufacture one lakh pieces educational hair mannequin heads (original series, cap series, premium series, slip-on series) annually, according to BSS report. 

Designed for international cosmetology academies and salons, these products will supply globally recognized beauty brands L'Oreal, Wella, Kao, Hankel, said a press release.

The project is expected to generate annual export earnings of approximately US$ 7 million and create employment opportunities for 300 people, including 295 Bangladeshi nationals.

The investment marks another step in BEPZA's ongoing efforts to diversify Bangladesh's export basket by attracting investment in non-traditional and value-added products beyond the conventional garment sector.
Abdullah Al Mamun, member (Engineering) of BEPZA and He Zhi Long, general manager of BD Lepachu Limited, signed the agreement on behalf of their respective organisations. 

BEPZA Executive Chairman Major General Mohammad Moazzem Hossain along with senior BEPZA officials, witnessed the signing ceremony, the release added.

Welcoming the investor, the BEPZA Executive Chairman thanked the company for choosing Bangladesh as its investment destination and placing its confidence in BEPZA. 

The signing ceremony was attended by Executive Director (Security) Lieutenant Colonel Md. Mohseen Hasan, Executive Director (Enterprise Services) Moshiuddin Bin Mesbah, Executive Director (Public Relations) ASM Anwar Parvez and other senior BEPZA officials, along with representatives of BD Lepachu Limited.