A Ukraine Company will set up a footwear and shoe manufacturing industry in the Adamjee Export Processing Zone.

The company, Super Protective Shoes (Pvt) Ltd., will invest US $ 15.473 million to produce footwear products.

The company will use Bangladeshi finished leather as raw material for producing military and industrial shoes along with other items.

The company will create employment opportunity for 9,271Bangladeshis, including 27 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the company at the city’s BEPZA complex yesterday.

BEPZA Member (Investment Promotion) Prasanta Bhusan Barua and the company’s Managing Director Andriy Lavryk signed the lease agreement on behalf of their respective organisations.