Bangladesh, Oct. 14 -- Chinese company KPST is set to expand its operations in Bangladesh by establishing a second factory at the BEPZA Economic Zone-1 in Mirsharai, Chattogram, with an investment of US$7.01 million.

The new factory is expected to create employment opportunities for around 200 Bangladeshis.

To this end, KPST New Material (BD) Company Limited signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) in Dhaka on Wednesday.

BEPZA Member (Investment Promotion) Md Tanvir Hossain and the company's Director Zhang Youyu signed the agreement on behalf of their respective organisations.

According to BEPZA, the factory will be built on 7,200 square metres of land. It will have an annual product...