steel

Chinese company to invest $2.3b in steel plant

MNA Business Desk: Chinese giant Kunming Iron and Steel Holding Company (KISC) is all set to invest US$ 2.3 billion in a steel manufacturing project in Mirersarai, reported news agency.

A delegation of the KISC led by its chairman Zhao Yongping is scheduled to arrive in Dhaka tomorrow (Monday).

The delegation will hold final negotiations with senior officials of the government and Bangladesh Economic Zones Authority (BEZA), people familiar with the development told the FE on Saturday.

This will be the largest investment in manufacturing sector in the country.

KISC will make the investment through its subsidiary company Chinese Yunnan Yongle Overseas Investment Co Limited.

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