Chinese company SBS Zipper Bangladesh Co Ltd will invest around $20 million to set up a garments accessories manufacturing industry inside the Bepza Economic Zone.

The Chinese company will produce annually 271 million pieces of metal zippers, nylon and plastic zippers, sliders, zipper parts, tapes, plastic buttons, button parts, and mold, the Bangladesh Export Processing Zones Authority (Bepza) said in a press release.

According to the statement, some 2,063 Bangladeshi nationals will get employment opportunities in this manufacturing unit.

Bepza economic zone is located inside the country’s future industrial hub, Bangabandhu Sheikh Mujib Shilpa Nagar, in Mirsarai of Chattogram.

Ali Reza Mazid, a member of the investment promotion of Bepza, and Weifang Shen, CEO of SBS Zipper Bangladesh Co Ltd, signed the agreement in the presence of Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza at Bepza Complex in the city yesterday.

Rahman thanked SBS Zipper for choosing the Bepza economic zone as their investment destination. He assured the company of providing all sorts of support round-the-clock to start production and exports.

SBS Zipper Bangladesh is a concern of SBS Zipper, one of the biggest global zipper manufacturers, which ranks first in China and second in the world for zipper production.