California-based North American Textile Company (Natco) is to expand its operations in Bangladesh with a $7.39m investment in a new facility to produce apparel labels and tags.

The new unit at the Adamjee Export Processing Zone is set to go into production by the end of January 2013, according to Al-Mamun M Rashel, country manager of Natco Global Packaging Dhaka.

He told just-style the company already operates in 25 countries including India, Pakistan and Sri Lanka.