HZ Outdoor to invest $6m in Karnaphuli EPZ
HZ Outdoor International Co Limited is going to set up a garments and bag manufacturing factory in Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million.
The fully foreign-owned China-Taiwanese company will produce annually 3.08 million pieces of jackets, bags, shirt, pants, shorts, trousers, cap or hat, skirt, vest and shocks, according to a press release.
The investment will create 2,202 employment opportunities for Bangladeshi nationals, it said.
To this end, the company signed a deal with Bangladesh Export Processing Zones Authority (Bepza) in Dhaka yesterday.
Ali Reza Mazid, investment promotion member of the Bepza, and Roberto Haryono Go, general manager of HZ Outdoor, signed the agreement.