South Korea to invest $6mn in Mongla EPZ

Staff Correspondent

20th May, 2019 10:21:35 printer

South Korean company Hwashin (BD) Limited will invest US$ 6 million to establish a cosmetics accessories industry in Mongla Export Processing Zone. 

 This fully foreign-owned company will produce annually 300 million pieces of cosmetics makeup brush, cosmetics makeup sponge, cosmetics box, cosmetics container, mirror, cosmetics bag, nail clippers, nail polishing paper, tweezers, eyelash, curler and other accessories.

Hwashin (BD) Limited will create employment opportunity for 1480 Bangladeshi nationals.  An agreement to this effect signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Hwashin (BD) Limited at BEPZA Complex in the capital on Monday.

Zillur Rahman, Member (Investment Promotion) of BEPZA and Kim Jongbo, Managing Director of Hwashin (BD) Limited, signed the agreement on behalf of their respective organisations.

Major General SM Salahuddin Islam, Executive Chairman, Mohammad Faruque Alam, Member (Engineering), Nazma Binte Alamgir, General Manager (Public Relations), Md. Tanvir Hossain, General Manager (Investment Promotion) and Abdullah Al Mahbub, Deputy General Manager (Investment Promotion) of BEPZA were present on the occasion.