Business Report :
The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Lee’s Tobacco Machinery Company Limited, a UAE and Singapore-owned company.
This agreement marks the establishment of the first machinery manufacturing industry in the BEPZA Economic Zone (EZ), further enhancing the zone’s diverse product line, according to a press release.
The agreement was signed on Monday (February 3, 2025) by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Li Meng, Chairman of Lee’s Tobacco Machinery Company Limited, in the presence of BEPZA Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc.
The company plans to invest US$ 8.32 million in the project, which will create employment opportunities for 92 Bangladeshi nationals.
The factory will produce tobacco and cigarette machinery, a new and diversified product to be manufactured in the EPZs and EZ under BEPZA.
Speaking at the signing ceremony, BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman thanked Lee’s Tobacco Machinery Company Limited for choosing BEPZA EZ as their investment destination and assured them of all necessary support to ensure smooth operations.
