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Bangladeshi multinational conglomerates From Wikipedia, the free encyclopedia
Akij Group is a Bangladeshi industrial conglomerates 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.
| |
| 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 |
They are primarily known for their drink products known as Mojo, Speed and Frutika.
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]
In August 2018, Japan Tobacco acquired Akij's tobacco business for US$1.5 billion.[8][9]
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