Lee’s Tobacco Machinery Company Limited signed an agreement yesterday (February 3) to invest $8.32 million into the Bangladesh Export Processing Zones Authority (Bepza) to manufacture tobacco processing machinery. According to a press release, the investment from the UAE- and Singapore-owned company is expected to create 92 jobs for Bangladeshi nationals.
Li Meng, chairman of Lee’s Tobacco Machinery, emphasized his commitment to transferring technical expertise to local workers, thereby building a skilled workforce in machinery manufacturing.
“This milestone underscores our commitment to diversifying export-oriented industries,” Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza said. “We anticipate further investments in machinery production, which will contribute to the broader industrial landscape of Bangladesh.”
