Chinese firm to invest $22 million at Bepza Economic Zone

Adeline Beauty Technology (Bangladesh) Co Ltd, a Chinese company, will invest $22 million to establish a fashion and beauty products manufacturing factory at the Bepza Economic Zone in Mirsharai, Chattogram.

The investment will create employment opportunities for approximately 4,170 Bangladeshi nationals.

The company will manufacture a wide range of fashion hair and beauty products, including wigs, eyelashes, and cosmetic nails, primarily for export to major international markets such as the USA, Canada, the UK, Germany, France, Spain, Italy, the UAE, Russia, and Mexico, among other destinations.

Md Tanvir Hossain, executive director for investment promotion at the Bangladesh Export Processing Zones Authority (Bepza), and Hang Sun, managing director of Adeline Beauty Technology (Bangladesh) Co Ltd, signed a land lease agreement in this regard at the Bepza Complex in Dhaka today, according to a press release.

Major General Mohammad Moazzem Hossain, executive chairman of Bepza, attended the signing ceremony.

Speaking on the occasion, the Bepza executive chairman reaffirmed the authority’s commitment to providing a secure, compliant, and business-friendly environment for investors. He also encouraged further Chinese investment in diversified and value-added sectors.