Yabang Group is planning to invest in building a large scale industrial park in Bangladesh
Chairman of Yabang Group Xiaochu Xu on Thursday met Bangladesh Ambassador to China Mahbub Uz Zaman at his office in Beijing and discussed investment plans in Bangladesh.
If things go according to plan, the initial investment may be around 1.0 billion US dollar, said the Ambassador on Friday.
The investment is likely to generate employment for around 10,000 persons, reports UNB.
Their focus is on printing and dyeing, pharmaceuticals and other chemical plants.
Xu was accompanied by Jianling Li, General Manager, Jiangsu Yabang Dyestuff Limited at the meeting.
The Yabang Investment holding group is one of the three leading companies in the Chemical Sector and among the 500 top listed companies in China. It has more than 15000 employees.
Its business covers dye, coating, pigment, medicine, veterinary, Pharma, pesticides, photovoltaics, logistics, finance and real estate Industries. It has more than 60 subsidiaries (branch ) companies .
The groups annual sales volumes exceeds $10 billion with the profit of 500 million.