Chinese company to invest over $2.0 million in Bangladesh

Dhaka, Bangladesh (BBN) – Evergreen Products Factory (Mongla) Limited, a Chinese company, will set up a fashionable wigs and hair related products manufacturing industry in the Mongla Export Processing Zone of Bangladesh.

An agreement to this effect was signed between the Bangladesh Export Processing Zone Authority and Evergreen Products Factory (Mongla) Limited at BEPZA Complex in the capital, Dhaka on Thursday, officials said.

Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Chan Chi Wai Alfred, director of Evergreen Products Factory (Mongla) Limited, signed the agreement on behalf of their respective sides.

The 100 per cent foreign owned company will invest $2.048 million in setting up their unit and will produce fashionable wigs and hair related items. The company will also create employment opportunity for 225 Bangladeshi nationals.

BBN/SSR/AD-13Nov10-10:48 am (BST) 

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