Qinda Outdoor Invests USD 12 Mn in IEPZ

Consumer Discretionary Author: Fuller Wang, StarNews.com Sep 27, 2022 05:09 PM (GMT+8)

Founded in 2004, Qinda Outdoor is a professional manufactory producing hanging umbrellas, wood-like umbrellas, other style umbrellas, gazebos, and relational plastic parts.

sun umbrella

Qinda Outdoor plans to invest USD 12 million to set up a factory at Ishwardi Export Processing Zone (IEPZ). The new company will produce annually two million pieces of tents, canopy, bags, sleeping bags, backpacks, tarpaulins, awnings, sunblinds, mosquito nets, portable folding chairs, recycle bins and umbrellas, according to the Bangladesh Export Processing Zones Authority (Bepza).

On September 26, 2022, Ali Reza Mazid, investment promotion member of Bepza, and Zhang Yan, representative of Qinda Outdoor, signed an agreement on behalf of their respective organizations at Bepza Complex in Dhaka today. This investment will create employment opportunities for 2,973 Bangladeshi nationals.

Founded in 2004, Qinda Outdoor is a professional manufactory producing hanging umbrellas, wood-like umbrellas, other style umbrellas, gazebos, and relational plastic parts. According to the company itself, it has professional facilities including 50 injection machines,100 sewing machines,60 punching machines,2 coating lines, as well as 15 assembling lines. The company develops over 15 products for different countries and customers.