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 a Bangladeshi industrial conglomerate founded by Sheikh Akijuddin in 1940.[1] The industries under this conglomerate include textiles, tobacco, food and beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc.
They are primarily known for their drink products known as Mojo, Speed and Frutika.
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.[2][3]
In 2009,[4][5] 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.[2] In 2018, Akij sold their tobacco division to JTI for $1.47 billion.[6] It was the biggest ever single foreign direct investment in Bangladesh.[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.
- ^ a b Sajjadur Rahman (2010-12-19). "Akij goes green". The Daily Star.
- ^ "Akij Gr set to overtake RAK Ceramics to become country's biggest tiles maker". The Financial Express. Dhaka. 2011-12-05.
- ^ "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.
- ^ "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.
- ^ "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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