World's biggest shoe factory for Bangladesh
South Korean company YoungOne Corp. will build the world's largest shoe manufacturing plant near the southeastern Bangladesh city of Chittagong.
By PTI |
DHAKA: South Korean company YoungOne Corp. will build the world's largest shoe manufacturing plant near the southeastern Bangladesh city of Chittagong, a company director said Monday.
The 100-million-dollar plant will employ 30,000 people and produce 100,000 pairs of shoes a day once it starts in the middle of next year, operations director of the company Shikder Meshbahuddin Ahmed said.
"It will be the biggest footwear factory in the world. We have already prepared the site and construction work will begin within the next two-three months," he said.
YoungOne was one of the first foreign companies to enter Bangladesh and is the leading private textile exporter. Last year it exported over 300 million dollars of garments from the country.
The company also has operations in Vietnam and China with annual sales of 800 million dollars.
It also owns Bangladesh's first private export processing zone, which was approved by the country's caretaker government last year. The export zone is designed to accommodate 500 factories.
Bangladeshi factories exported footwear worth 76 million dollars in the first half of the current financial year ending June 2008, a gain of 18.6 percent over the same period a year ago.
The 100-million-dollar plant will employ 30,000 people and produce 100,000 pairs of shoes a day once it starts in the middle of next year, operations director of the company Shikder Meshbahuddin Ahmed said.
"It will be the biggest footwear factory in the world. We have already prepared the site and construction work will begin within the next two-three months," he said.
YoungOne was one of the first foreign companies to enter Bangladesh and is the leading private textile exporter. Last year it exported over 300 million dollars of garments from the country.
The company also has operations in Vietnam and China with annual sales of 800 million dollars.
It also owns Bangladesh's first private export processing zone, which was approved by the country's caretaker government last year. The export zone is designed to accommodate 500 factories.
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Bangladeshi factories exported footwear worth 76 million dollars in the first half of the current financial year ending June 2008, a gain of 18.6 percent over the same period a year ago.
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