Blue Ocean Footwear Limited
BOFL is a 51:49 joint venture between Apex and Green Ocean International Limited that aims to be a leading manufacturer and exporter of fashionable leather footwear from Bangladesh. The partners have more than 36 years of shoe production experience have between them – with Green Ocean annually exporting more than 10 million pairs of footwear through its operations in Taiwan, China, Vietnam, Cambodia and Bangladesh. BOFL’s custom built, state-of-the-art factory is fully compliant with industry standards and best practices. In Phase I preliminary operations, the factory has two floors with a combined area of over 17,400 square meters. Two more floors in Phase II will bring the total built up area to over 33,300 square meters. The company is still privately held with BDT 1.22 billion (USD 14.35 million) estimated market capitalization and is projected to employ 4,000 people.