South Korean company Hwashin (BD) Limited will invest US$ 6 million to establish a cosmetics accessories industry in Mongla Export Processing Zone (EPZ). An agreement was signed recently between the Bangladesh Export Processing Zones Authority (BEPZA) and Hwashin (BD) Limited.
Member (Investment Promotion) of BEPZA Zillur Rahman and Managing Director of Hwashin (BD) Limited Kim Jongbo signed the agreement on behalf of their respective organizations.
This fully foreign owned company will produce annually around 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 and other accessories. Hwashin (BD) Limited will create employment opportunity for 1480 Bangladeshi nationals.