China’s Longteng Garment to set up $17m factory in Mongla EPZ, creating 3,000+ jobs

From the report

Chinese company Longteng Garment Co Ltd will invest $17 million to set up a ready-made garment factory at Mongla Export Processing Zone (EPZ), with the project expected to create employment opportunities for 3,005 Bangladeshis. The Bangladesh Export Processing Zones Authority (Bepza) signed a land lease agreement with the company today (12 October) at the Bepza Complex in Dhaka.

Md Tanvir Hossain, member (Investment Promotion) of Bepza, and Lin Qiangqiang, chairman of Longteng Garment Co Ltd, signed the agreement on behalf of their respective organisations. The company will build its factory on 16,426.37 square metres of land to manufacture underwear and bras for international markets.

According to Bepza, the company’s products are intended for international brands such as Aerie, Calvin Klein, Zara, Florence & Fred (Tesco), ASOS, and Primark. Its major buyers include H&M, Walmart, Marks & Spencer, and Gap. Longteng Garment plans to export its products to markets around the world, including the United States, the United Kingdom, Europe, Algeria, Brazil, Australia, Chile, Mexico, Iraq, Japan, and Canada.