DHAKA, Aug 11, 2025 (BSS) - The Bangladesh Economic Zones Authority (BEZA) has officially handed over some 12.5 acres of land to China Lesso Group in the National Special Economic Zone (EZ).

Earlier on September 19, 2024, the land lease agreement was signed in this regard. 

According to a press release issued here today, China Lesso Group will invest approximately US$32.772 million to produce PVC pipes, PEX pipes, solar panels, sanitary ware, kitchen equipment, doors and windows, water purifiers, waterproofing materials, fire-fighting equipment, cables, lighting, environmental protection products, and other construction materials.

The products will also be manufactured locally as part of the company's market expansion in Bangladesh.

BEZA Executive Chairman Chowdhury Ashik Mahmud Bin Harun said, "The handover marked a step towards fostering an investment-friendly, effective innovation-driven industrial environment".

He also expressed the hope that it would inspire further investment in the zone.

A China Lesso Group representative stated that the project would prioritise environment-friendly products, renewable energy, and related supply chains, alongside financial returns.

The Chinese manufacturing giant China Lesso Group posted revenues worth around $974 million in 2024. It also employs roughly 20,000 people worldwide and operates production facilities in Indonesia, Cambodia, Thailand, Malaysia, the Philippines and in other countries.

BEZA and China Lesso Group expect that this investment and job creation would further boost the zone's economic significance and growth potential.

The National Special EZ currently houses 15 operational industrial units with several more under construction.