Berger affiliate to invest $13.7 million in National Special Economic Zone

Jenson & Nicholson Packaging Ltd, an affiliate of Berger Paints Bangladesh, will invest $13.7 million in the National Special Economic Zone (NSEZ) under a land lease agreement signed with the Bangladesh Economic Zones Authority (Beza) today.

The company will set up its manufacturing facility on 6.34 acres of land and is expected to create around 600 jobs, according to a press release.

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The plant will produce high-quality rigid plastic pails, industrial paint containers, food-grade packaging, metal packaging and other products to strengthen Berger Paints' backward linkage.

Berger Paints had earlier been allocated 40 acres in the same economic zone, where commercial production is expected to begin within the next two months.

Speaking at the signing ceremony, Beza Executive Member for Investment Development Saleh Ahmed said the investment reflects growing confidence among local investors in the country's economic zones.

He said Beza is working to ensure faster and more investor-friendly services to help industries start operations quickly.

Rupali Chowdhury, director of Jenson & Nicholson Packaging and managing director of Berger Paints Bangladesh, said the investment would enhance the company's production capacity while supporting environmentally friendly manufacturing, employment generation and the development of the paints industry's backward linkage.

She also urged Beza to address gaps in utility services and policy issues to make the National Special Economic Zone a more attractive manufacturing hub.