The 2,052 mÂ² unit, located in Korea’s Export Processing Zone (KEPZ) in Chattogram, will provide high quality of service and flexibility to local customers, the partners said on Sunday.
Avery Dennison launched a manufacturing facility in Bangladesh in partnership with Youngone Corporation.
The 2,052 mÂ² unit, located in the Korean Export Processing Zone (KEPZ) in Chattogram, will provide high quality of service and flexibility to local customers, the partners said on Sunday.
Youngone Corporation Chairman and CEO Kihak Sung said the investment in KEPZ will give Avery Dennison a competitive advantage in terms of speed and flexibility to serve customers with reduced business costs and lead times.
âIt is a great pleasure for me to welcome Avery Dennison as an investor in Korea EPZ (KEPZ), the leading green EPZ in this region. Avery Dennison and Youngone will partner in apparel and textile backlink industries, âhe said.
In today’s fast-paced business world, a âdo it yourselfâ approach is not the best growth strategy, Sung said.
Harnessing the strengths and capabilities of others in different fields is one of the most strategic ways for companies to promote innovation and solve complex challenges by merging talents, expertise and technology, a- he declared.
âI am confident that Avery Dennison, with its high quality products and international prestige, will grow with Youngone and other business partners. We will provide all possible support and cooperation to Avery Dennison moving forward in achieving its business goal.
Highlighting the potential benefits of this project, vice president and general manager for South Asia, Avery Dennison Kenny Liu, said this manufacturing unit is a remarkable step forward as it expands its capabilities to serve the local market, as well as global customers.
“We thank Youngone for supporting the creation of this site within KEPZ, which allows us to better serve Youngone and our Chattogram customers and meet their need for speed in today’s very dynamic market.” , said Kenny Liu.
KEPZ, established by Youngone in 1999 on the Karnaphuli shore, hosts the largest rooftop solar project (40 MW) in Bangladesh, to power industrial activities with renewable energy, while more than 2.5 million trees have been planted, covering about 400 species.