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China to invest USD 12.2m in Adamjee EPZ

China to invest USD 12.2m in Adamjee EPZ

Chinese company M/s Cherry Button Limited is going to establish a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 12.2 million. Bangladesh Export Processing Zones Authority (BEPZA) and M/s. Cherry Button Limited on Tuesday (Sep 12) signed an agreement to this effect at BEPZA Complex in the city, said a press release.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chairman of M/s. Cherry Button Limited MA Miaoyan (Jasika) signed the agreement on behalf of their respective organizations. Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman observed the agreement signing ceremony.

This fully foreign owned company will produce annually 1,650 million pieces of Metal Button, Plastic Button, Metal Zipper, Vislon Zipper, Nylon Coil Zipper and other accessories like Eyelet, Rivet, Stopper, Badge, Buckle, Suspender Buckle, etc. The company will create job opportunity for 1,068 Bangladeshi nationals.

Among others, Member (Finance) Nafisa Banu, Executive Director (Investment Promotion) Md. Tanvir Hossain of BEPZA, were present at the signing ceremony.