Akij Group
 | |
| Company type | Public |
|---|---|
| Industry | |
| Founded | January 1, 1940 Phultala, Khulna, Bangladesh |
| Founder | Sheikh Akijuddin |
| Headquarters | 198, Akij House, Bir Uttam Mir Showkat Sarak,
Tegaon Sarak, Tejgaon, Dhaka – 1208, , Bangladesh |
| Revenue |  US$1.5 billion (2017) |
Number of employees | 70,000 |
| Website | www |
Akij Group is one of the largest Bangladeshi industrial conglomerates.[1] The industries under this conglomerate include textiles, tobacco, food and beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009,[2][3] Akij Group paid 390 million euros in tax, making it the biggest local tax-payer, contributing two per cent to the nation's entire budget. Akij also provides services in healthcare, information and communication technology. Its turnover in 2009 was 89 billion taka.[4] In 2018, Akij sold their tobacco division to JTI for $1.47 billion.[5] It was the biggest ever single foreign direct investment in Bangladesh.[6]
History
[edit]Akij Group was established in the 1950s by industrialist Sheikh Akijuddin as a cigarettes manufacturing business, before moving into other areas of business Like Rice, Jute, Paddy etc.[4][7]
Sister projects
[edit]In August 2018, Japan Tobacco acquired Akij's tobacco business for US$1.5 billion.[8][9]
- Akij Bakers Limited.
- Akij Plastics Limited.
- Akij Cables Limited.
- Ad-din Foundation
- Ad-din Mothercare Limited
- Ad-din Pharmaceuticals Limited
- Ad-Din Womens Medical College Hospital
- Akij Bakery Limited
- Akij FMCG Limited
- Akij Electronics Limited
- Akij capital Management
- Akij Buildtech Limited
- Akij Island Limited
- Akij Expedition Limited
- Akij Automotive Industry
- Akij Biri Factory Ltd.[10]
- Akij Cement Company Ltd.[11]
- Akij Ceramics Company Ltd.
- Akij Computer Ltd.
- Akij Corporation Limited
- Akij Food & Beverage Ltd.[12][13]
- Akij Foundation School & College[14]
- Akij Gas Company Ltd.
- Akij Gas Station Ltd.
- Akij Hotel and Resorts
- Akij Institute of Technology
- Akij Jute Mills Ltd.
- Akij Match Factory Ltd.
- Akij Motors
- Akij Particle Board Mills Ltd.[15]
- Akij Printing & Packaging Ltd
- Akij Real Estate Ltd.
- Akij Securities Ltd.
- Akij Textile Mills Ltd. [16]
- Akij Wildlife Farm Limited
- Akij Zarda Factory Ltd.
- Akij Tobacco Company Limited
- S.A.F Industries Ltd.
- Afil Paper Mills Limited.
- Akij Fuel Agency
- Akij Agro Processing Limited
- Afil Agro Limited
- Afil Bricks Limited
- Akij Foundation School and College (Uttara, Manikganj, and Mohammadpur)
- Akij Rice Mill Industry
- Akij Flour Mill Industry
- Akij Bicycle
- Akij Electronics and Electricals
- Akij Takaful Life Insurance
- Akij Health And Hygenie
- Akij Footwear Ltd.
- Akij Shoes Limited
- Golden Akij Shoes Limited
- Akij Leather Goods Limited
- Akij Ceramics Ltd.
- Akij Steel Mills Limited
- Akij Tableware
- Akij Board
- Bahadurpur Tea Estates
- Akij Bathware Limited
- Akij Polymer Industries Limited
- Akij Cartons Limited
- Akij Transport Agency Limited
- Akij BIAX Films Limited.
- Akij Online Ltd.
- Blue Pill Limited
- iBOS Limited
- Akij Air
- Akij Shipping Line Limited
- Akij Assets Ltd
- Akij Healthcare Limited
- Akij Engineering Institute
- Akij Pipes & Fittings Limited
- Akij City Center Ltd
- Akij College of Home Economics
References
[edit]- ^ Sajjadur Rahman (2009-06-24). "Akij Group to branch out into new avenues". The Daily Star. Retrieved 2016-10-29.
- ^ "Akij to invest Tk 1,500cr in three plants in its economic zone". The Daily Star. 2016-09-23. Retrieved 2016-10-29.
- ^ Sajjadur Rahman (2010-12-09). "Big players buy cargo ships". The Daily Star. Retrieved 2016-10-29.
- ^ a b Sajjadur Rahman (2010-12-19). "Akij goes green". The Daily Star.
- ^ "JTI group acquires tobacco business of Akij Group in Bangladesh" (PDF). Japan Tobacco International.
- ^ "Japan Tobacco closes $1.47b acquisition of Akij venture". The Daily Star. 2018-11-30. Retrieved 2020-07-01.
- ^ "Akij Gr set to overtake RAK Ceramics to become country's biggest tiles maker". The Financial Express. Dhaka. 2011-12-05.
- ^ "Japan Tobacco to Acquire Bangladesh Company for $1.5 Billion". Bloomberg News. Retrieved 2018-08-26.
- ^ "Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5..." Reuters. Retrieved 2018-08-26.
- ^ "Thousand bidi workers lose job as Akij factory closes suddenly". The Daily Star. 2016-04-04. Retrieved 2016-10-29.
- ^ "No fly-ash in Akij cement: Official". The Daily Star. 2013-10-10. Retrieved 2016-10-29.
- ^ "Akij celebrates Independence Day". The Daily Star. 2012-05-23.
- ^ Gazi Towhid Ahmed (2013-10-04). "Akij Food brings in German technology to produce juice". The Daily Star. Retrieved 2016-10-29.
- ^ "AFSC". Akij Foundation School & College. Archived from the original on 2020-04-17. Retrieved 2021-04-04.
- ^ "Akij secures $43m from HSBC to expand particle board business". The Daily Star. 2015-09-23. Retrieved 2016-10-29.
- ^ "Akij Textile Mills Ltd".
External links
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