 | |
| Company type | Public |
|---|---|
| Industry |
|
| Founded | January 1, 1940; 84 years ago (1940-01-01) 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]
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