# Mingda (Bangladesh) to invest $76.41M in BEPZA Economic Zone

Mingda (Bangladesh) New Material Co. Ltd. signed an agreement with BEPZA to invest $76.41 million in a factory in BEPZA Economic Zone, Bangladesh, to produce artificial fabric and other products, creating 2,830 jobs.

- Type: New facility
- Announced: 2023-06-15
- Where: BEPZA Economic Zone, Dhaka, Bangladesh
- Value: $76.4M
- Jobs: 2,830
- Starts operating: 2023
- Status: announced
- Products: artificial fabric, cotton products, geotextile, non-woven bags
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Mingda (Bangladesh) New Material Co. Ltd.](https://endata.com/companies/70838.md)
- [Bangladesh Export Processing Zones Authority](https://endata.com/companies/64851.md) (partner)

## Sources

- [bssnews.net](https://www.bssnews.net/business/131382), 2023-06-15: "We will start construction of the factory very soon keeping in mind the safety & environmental issues and start production by the end of the year."
- [tbsnews.net](https://www.tbsnews.net/economy/chinese-company-invest-7641m-produce-diversified-products-bepza-ez-650478), 2023-06-15: "We will start construction of the factory very soon keeping on mind of the safety & environmental issues and start production by the end of the year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.