Dhaka: A Chinese company is set to invest US$22 million to establish a fashion and beauty products manufacturing facility at the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone. Adeline Beauty Technology (Bangladesh) Co., Ltd. signed a land lease agreement with BEPZA to set up the factory.
According to United News of Bangladesh, the investment is expected to generate employment for approximately 4,170 Bangladeshi nationals. Under the agreement, Adeline Beauty Technology will manufacture a wide range of fashion hair and beauty products, including wigs, eyelashes, and cosmetic nails. These products are primarily intended for export to major international markets such as the United States, Canada, the United Kingdom, Germany, France, Spain, Italy, the United Arab Emirates, Russia, and Mexico.
The project is anticipated to strengthen Bangladesh’s position in the fast-growing global beauty and personal care sector, which has seen steady demand in North America, Europe, and the Middle East. The agreement was signed by Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, on behalf of the authority, while Managing Director Hang Sun signed on behalf of Adeline Beauty Technology (Bangladesh) Co., Ltd. The signing ceremony was witnessed by the Executive Chairman of BEPZA, Major General Mohammad Moazzem Hossain.
Speaking on the occasion, the Executive Chairman expressed gratitude to the company for choosing BEPZA Economic Zone as its investment destination. He reaffirmed the authority’s commitment to providing a secure, compliant, and business-friendly environment for investors.