Zant Accessories to produce polyurethane, polyethylene foam under BEZA deal
The company plans to invest Tk80 crore at the National Special Economic Zone, with commercial production scheduled for May 2027
Zant Accessories Limited has signed a land lease agreement with the Bangladesh Economic Zones Authority (BEZA) to produce polyurethane and polyethylene foam at the National Special Economic Zone (NSEZ).
The agreement was signed today (14 January) at the BEZA office, said a press release.
Under the agreement, the company will set up an export-oriented industrial unit on five acres of land at the NSEZ, with an investment of around Tk80 crore. Zant Accessories plans to start commercial production in May 2027.
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In the press release, BEZA said the proposed factory would use comparatively less water and electricity and would not require gas. The authority said the project would be export-oriented and in line with environment-friendly industrial development.
Besides polyurethane and polyethylene foam, the factory will also produce recycled foam, mattresses, pillows, comforters and shoe insoles. These products are mainly used in the furniture, home textile, footwear, automobile and packaging industries and are intended for export.
About 90% of the raw materials required for production will be imported from China, South Korea, the United Arab Emirates and Malaysia, according to the company. Zant Accessories Limited currently operates another factory at the Karnaphuli Export Processing Zone.
Saleh Ahmed, executive member (investment development) of BEZA, said the investment by Zant Accessories Limited at the NSEZ was a positive example of export-oriented industrial growth. "Such projects could encourage more local and foreign investors to invest in the zone," he said.
Zant Accessories Limited said the project would focus on sustainable production, environmental protection and skill development. The company also said it expects the project to contribute to foreign exchange earnings by maintaining international production standards.
The land lease agreement was signed on behalf of BEZA by Executive Member (Investment Development) Saleh Ahmed, while Zant Accessories Limited was represented by its Chairman Md Tofazzal Hossain.
According to BEZA, around 17 industrial units are currently operating at the NSEZ, while another 24 units are under construction. The zone is being developed with industrial facilities alongside urban services, infrastructure and sustainable utility systems.
