China co to invest $12.2m in Adamjee EPZ to produce garments accessories

Cherry Button Limited, a Chinese company, will set up a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 12.2 million, reports BSS.
The company signed an agreement to this end with Bangladesh Export Processing Zones Authority (BEPZA) at BEPZA Complex in the city on Tuesday.
Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chairman of Cherry Button Limited MA Miaoyan (Jasika) signed the agreement on behalf of their respective organisations in presence of Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, said a press release.
This fully foreign owned company will produce 1650 million pieces of metal button, plastic button, metal zipper, vislon zipper, nylon coil zipper and other accessories like eyelet, rivet, stopper, badge, buckle and suspender buckle a year.
The company will create job opportunity for 1,068 Bangladeshi nationals.
Member (Finance) Nafisa Banu and Executive Director (Investment Promotion) Md Tanvir Hossain of BEPZA were present at the signing ceremony.