South Korea to Invest US$ 6 Million in Mongla EPZ

South Korean company M/s. 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 pcs of Cosmetics Makeup Brush, Cosmetics Makeup Sponge, Cosmetics Box, Cosmetics Container, Mirror, Cosmetics Bag, Nail Clippers, Nail Polishing Paper, Tweezers, Eyelash, Curler & 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 M/s Hwashin (BD) Limited at BEPZA Complex, Dhaka on 20 May 2019. Mr. Zillur Rahman ndc, Member (Investment Promotion) of BEPZA and Kim Jongbo, Managing Director of M/s. Hwashin (BD) Limited signed the agreement on behalf of their respective organizations.

Major General S M Salahuddin Islam, BP, SPP, ndc, psc, Executive Chairman, Mr. Mohammad Faruque Alam, Member (Engineering), Mrs. Nazma Binte Alamgir, General Manager (Public Relations), Mr. Md. Tanvir Hossain, General Manager (Investment Promotion) and Mr. Abdullah Al Mahbub, Deputy General Manager (Investment Promotion) of BEPZA were present at the signing ceremony.