Chinese firm to invest $12.2m at Adamjee EPZ

Chinese company Cherry Button Limited will invest $12.2 million to establish a garment accessories manufacturing factory at the Adamjee Export Processing Zone in Narayanganj.

To this end, the Bangladesh Export Processing Zones Authority (Bepza) and Cherry Button signed an agreement at the Bepza Complex in Dhaka yesterday, according to a press release.

The company will produce 1,650 million pieces of metal buttons, plastic buttons, metal zippers, vislon zippers, nylon coil zippers, and other accessories like eyelets, rivets, stoppers, badges, buckles, and suspender buckles annually.

The investment will create jobs for 1,068 Bangladeshi nationals.

Ali Reza Mazid, investment promotion member of Bepza, and MA Miaoyan (Jasika), chairman of Cherry Button, signed the agreement, the press release added.