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KPST Shoes (BD) Co Ltd, a Chinese-owned shoe accessories manufacturing company, has initiated exports from the Bangladesh Export Processing Zone Authority (Bepza) Economic Zone in Chittagong, sending out the first shipment of EVA sheets valued at US $ 349,300 to Blue Ocean Footwear in Gazipur.

Having commenced commercial production on 8th November, KPST Shoes plans to invest US $ 8.07 million for capacity expansion, aiming to generate 2,670 new jobs.

The expansion will include the manufacturing of various shoe accessories, such as insoles, outsoles, midsoles, EVA foam, and PU foam, with the company’s annual production capacity currently at 30 million pairs of EVA and PU foams and 300,000 cubic meters of materials.

Engr Mohammad Anamul Haque, the project director of Bepza Economic Zone, noted that two other Chinese-owned companies, Fengqun Composite Material Co (BD) Ltd and Kiaxi Lingerie Bangladesh Co Ltd, have initiated commercial production and are awaiting export while holding permanent customs bond licenses.