DHAKA, Nov 26, 2023 (BSS) - Vernon and Oliver Furniture Company Limited, a 
China-Malaysia owned company will produce Mattress by investing US$ 14.55 
million in the largest venture of BEPZA. 

Mattress, is the new addition, to be produced in BEPZA Economic Zone. An 
agreement to this effect was signed today between Bangladesh Export 
Processing Zones Authority (BEPZA) and Vernon & Oliver Furniture Company 
Limited at BEPZA Complex in the city, said a press release.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Lee Wai Choong, 
Managing Director of Vernon and Oliver Furniture Company Limited signed the 
agreement on behalf of their respective organizations. 

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman 
witnessed the signing ceremony.

This company will be the first Mattress manufacturing industry among the EPZs 
and BEPZA EZ. BEPZA Executive Chairman thanked Vernon & Oliver Furniture 
Company for choosing BEPZA EZ as their investment destination and wished 
their successful operation.

The company will produce 1.8 lakh pieces of Spring Mattress & Foam Mattress 
annually. 600 Bangladeshi nationals will get employment opportunities in this 
factory. 

Mentionable, BEPZA encourages the investors to produce diversified products 
reducing the single dependency on garments. The Authority has so far approved 
a total of 24 enterprises including this one to establish industries in BEPZA 
EZ and most of them will produce diversified product. The total proposed 
investment of these enterprises is US$ 510.2 million.

Among others, Executive Director (Administration) A N M Foyzul Haque, 
Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive 
Director (Enterprise Services) Md. Khorshid Alam and Executive Director 
(Public Relations) A.S.M. Anwar Parvez along with representatives of the 
enterprise were present during the signing ceremony.