Akij Group

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Akij Group
Public
Industry
Founded1940; 80 years ago (1940)
FounderSheikh Akijuddin
Headquarters,
Bangladesh
Number of employees
70000+
Websitewww.akij.net

Akij Group is one of the largest Bangladeshi industrial conglomerates.[1] The industries under this conglomerate include textiles, tobacco, food & 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 this 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 a sum of $1.47 billion. [5] It was the biggest ever single foreign direct investment in Bangladesh. [6]

History[edit]

Akij Group was established in the 1940s by industrialist Sheikh Akijuddin as a jute trading business, before moving into cigarettes and other areas of business.[4][7]

Sister projects[edit]

In August 2018, Japan Tobacco acquires Akij's tobacco business for US$1.5 billion.[8][9]

  • Akij Plastics Limited.
  • Akij Cables limited.
  • Abrar Tours and Travels
  • Ad-din Foundation
  • 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 Pharmaceuticals Ltd.
  • Akij Printing & Packaging Ltd
  • Akij Real Estate Ltd.
  • Akij Securities Ltd.
  • Akij Textile Mills Ltd.
  • Akij Wildlife Farm Limited
  • Akij Zarda Factory Ltd.
  • Dhaka Tobacco Industries
  • S.A.F Industries Ltd.
  • Akij Foundation School and College (Uttara, Manikganj, and Mohammadpur)
  • Akij Rice Mill Industry
  • Akij Flour Mill Industry
  • Akij Ceramics Ltd.
  • Akij BIAX Films Limited.
  • Akij BAKERS Limited.

References[edit]

  1. ^ Sajjadur Rahman (2009-06-24). "Akij Group to branch out into new avenues". The Daily Star. Retrieved 2016-10-29.
  2. ^ "Akij to invest Tk 1,500cr in three plants in its economic zone". The Daily Star. 2016-09-23. Retrieved 2016-10-29.
  3. ^ Sajjadur Rahman (2010-12-09). "Big players buy cargo ships". The Daily Star. Retrieved 2016-10-29.
  4. ^ a b Sajjadur Rahman (2010-12-19). "Akij goes green". The Daily Star.
  5. ^ "JTI group acquires tobacco business of Akij group in Bangladesh" (PDF).
  6. ^ "Japan Tobacco closes $1.47b acquisition of Akij venture". The Daily Star. 2018-11-30. Retrieved 2020-07-01.
  7. ^ "Akij Gr set to overtake RAK Ceramics to become country's biggest tiles maker". The Financial Express. Dhaka. 2011-12-05.
  8. ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-08-26.
  9. ^ Editorial, Reuters. "Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5..." U.S. Retrieved 2018-08-26.
  10. ^ "Thousand bidi workers lose job as Akij factory closes suddenly". The Daily Star. 2016-04-04. Retrieved 2016-10-29.
  11. ^ "No fly-ash in Akij cement: Official". The Daily Star. 2013-10-10. Retrieved 2016-10-29.
  12. ^ "Akij celebrates Independence Day". The Daily Star. 2012-05-23.
  13. ^ Gazi Towhid Ahmed (2013-10-04). "Akij Food brings in German technology to produce juice". The Daily Star. Retrieved 2016-10-29.
  14. ^ "AFSC". Akij Foundation School & College.
  15. ^ "Akij secures $43m from HSBC to expand particle board business". The Daily Star. 2015-09-23. Retrieved 2016-10-29.

External links[edit]