Taiwanese firms invest in Bangladesh
23/05/2008
Two Taiwanese companies will set up shoe manufacturing facilities in the Karnaphuli Export Processing Zone in southern Bangladesh at total cost of $93 million.
Genfort Shoes will invest about $47 million in its new site, where it hopes to produce 5 million pairs of shoes a year.
Another company, Xin Chang Shoes, will invest just slightly less in its new factory (around $45 million) to produce the same volume of shoes.
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