Dhaka, Bangladesh (BBN)– A Chinese company will set up a hair related products manufacturing industry in the Mongla Export Processing Zone (EPZ) of Bangladesh, officials said.
The company, M/s YCL International Industries Limited, will invest US$9.45 million in setting up its unit and will manufacture hair related products.
In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s YCL International Industries Limited at BEPZA Complex in the capital Dhaka on Wednesday.
Member (Investment Promotion) of BEPZA Syed Nurul Islam and Managing Director of YCL International Industries Limited Niu Jun Feng signed the agreement on behalf of their respective organizations.
BBN/SSR/AD-16Feb12-10:47 am (BST)