Optimaplast Industries Private Limited, a Bangladeshi producer of high-quality rigid plastic products and packaging materials, is set to invest $3.96 million in the National Special Economic Zone.聽
In this regard, the Bangladesh Economic Zones Authority signed a land lease agreement with the company on Tuesday for the allocation of three acres of land within the NSEZ, according to a press release.
The company, with a current annual turnover of nearly Tk 96 crore, plans to establish a factory specializing in plastic and metal industrial production.聽
They would manufacture a variety of items, including plastic bottles, lubricant containers, paint containers, buckets, lids, caps, PET preforms, and PET Jars at the new facility.
Moreover, the company also intends to diversify production to include medical supplies, specifically blood bags, and garment accessories.
BEZA executive member (investment development) Saleh Ahmad and GM Ekramul Haque, managing director of Optimaplast Industries, signed the lease agreement at an event at the BEZA headquarters in the capital.
At the event, Saleh Ahmad congratulated Optimaplast Industries Private Limited, stating that the NSEZ has been creating a unique opportunity for investors.聽
He also said that this investment is focused on backward linkage products, which would help diversify the range of goods being manufactured.聽
GM Ekramul Haque thanked BEZA and committed that the company is dedicated to the swift construction of the industrial facility.聽
He also said that the necessary planning is currently underway to establish a self-sufficient industrial factory dedicated to fulfilling the requirements of other enterprises operating within the industrial city.
Optimaplast was originally founded in 1994 in Chattogram under the name Reliance Can Industry (Private) Limited.
The NSEZ, where the new factory would be located, is described as the country鈥簊 largest planned industrial area, spanning 25 kilometers along the coast.
Currently, approximately 14 industrial enterprises are already operational within the zone, and an additional 20 industrial facilities are under construction.
The zone, which touches three Upazilas in Chattogram and Feni, is designed to integrate all necessary urban system facilities alongside industrial establishments, according to the press release.
