Bangladeshi company ASM Packall Export Industry will set up a garments accessories factory at Mongla Export Processing Zone (Mongla EPZ).

The company will invest $4.8 million, and 400 Bangladeshi nationals will get employment opportunities at the factory.

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ASM Packall will produce 1 lakh tons of bags, zippers, elastics, tapes, tags, labels, boards, paper bands, photo cards, bar codes, collar stands, and other products annually.

Ali Reza Mazid, member (investment promotion) of the Bangladesh Export Processing Zones Authority, and Md Ashraful Alam, managing director of ASM Packall Export, signed an agreement Thursday in Dhaka.

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BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at that time.