Dhaka, March 4 -- 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 Economic Zone.

Adeline Beauty Technology (Bangladesh) Co., Ltd. signed a land lease agreement with BEPZA on Wednesday at the BEPZA Complex in Dhaka to set up the factory.

The company plans to invest US$22 million in the project, which 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.

The products will be primarily exported to major international markets such as the...