Company type | Public |
---|---|
Industry | |
Founded | January 1, 1940 Phultala, Khulna, Bangladesh |
Founder | Sheikh Akijuddin |
Headquarters | , 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]
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]
In August 2018, Japan Tobacco acquires Akij's tobacco business for US$1.5 billion. [8] [9]