South Korean Company to Invest USD 8.6 Million in Mongla EPZ

South Korea’s OCF Company Limited is set to invest USD 8.6 million in the Mongla Export Processing Zone (EPZ) to establish a manufacturing plant for tents and related accessories, including camping furniture, gear, and bags.

The announcement came through an official press release issued by the Bangladesh Export Processing Zones Authority (BEPZA) following a contract signing ceremony held at its executive office in Dhaka on Wednesday, 6 August.

Agreement Signing Details

The signing ceremony was observed by Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of BEPZA.

Project Overview

OCF’s upcoming factory in Mongla EPZ will produce a wide array of outdoor and camping products, such as:

• Tents and tent accessories
• Camping chairs and tables
• Aluminium and carbon ski/trekking poles
• Mountain and walking sticks
• Bed cots and stands
• Pet furniture
• Arrows
• Travel and utility bags

This investment is projected to generate employment for 820 Bangladeshi nationals.

BEPZA’s Remarks

During the ceremony, BEPZA’s Executive Chairman stated:

“BEPZA consistently encourages diversified industrial production. Since this is OCF’s second venture under BEPZA, we express our appreciation for their continued trust. We also invite them to act as ambassadors in promoting further South Korean investment in EPZs.”

He reaffirmed BEPZA’s commitment to offering a secure and supportive investment environment for foreign investors.

Remarks from OCF Company Limited

Mr. Haeyoon Gil Kim thanked BEPZA for its assistance and expressed optimism:

“We look forward to commencing production in the new facility by next year.

Attendees at the Signing Ceremony

The event was attended by the following dignitaries and company representatives:

This strategic foreign investment not only strengthens economic ties between Bangladesh and South Korea, but also contributes to job creation, export growth, and the diversification of Bangladesh’s manufacturing sector within the EPZ framework