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Beximco Group

images (1)Bangladesh Export Import Company Limited was incorporated in Bangladesh in 1972 under the Companies Act, 1913 as a public limited company and commenced its commercial operation in the same year. The company became a listed company in 1989. The shares of the company are traded in Dhaka and Chittagong Stock Exchange of Bangladesh. During the year 2009, the company took over, under a Scheme of Amalgamation, erstwhile Bangladesh Online Ltd. (Internet Service Provider), a listed company of Beximco Group. During the year 2009, the company sold 26.38 per cent shares (23.62 per cent shares sold in 2008) out of 100.00 per cent shares acquired in 2005 of Shinepukur Ceramics Ltd; a company of the Beximco Group engaged in manufacturing and marketing of ceramic tableware, under the Dhaka and Chittagong Stock Exchange (direct listing) Regulations, 2006. Therefore, as on 31/12/2009, the company holds 50 per cent shares. The company has a branch at London which has a subsidiary in USA named Beximco USA Ltd., on 28 April.

As BEXIMCO has grown over the years, the flagship platform now has operations and investments across a wide range of industries including textiles, trading, marine food, real estate development, hospitality, construction, information and communication technologies, media, ceramics, aviation, pharmaceuticals, financial services and energy. The Group sells its products and services in the domestic Bangladesh market as well as international markets. BEXIMCO is the largest employer in the private sector in Bangladesh and employs over 48,000 people worldwide.

The BEXIMCO name has now become one of the most recognisable brand names in Bangladesh. It is synonymous with innovation, trust and quality. The Group consists of four publicly traded and seventeen privately held companies. The publicly traded companies – Bangladesh Export Import Company Limited, Beximco Pharmaceuticals Limited, Shinepukur Ceramics Limited and Beximco Synthetics Limited – have a combined market capitalisation of approximately $530.47 million. The Group had total revenues of $834 million in the year ended December 31, 2010.

BEXIMCO encompasses one of South Asia’s largest vertically integrated textile and garment companies. The Textile division is a fully integrated manufacturer of cotton and polyester blended garments for men, women and children, both for domestic and export markets. BEXIMCO is also the largest exporter of pharmaceuticals in Bangladesh with a presence in 45 countries. The Pharmaceuticals division manufactures and sells generic pharmaceutical formulation products, active pharmaceutical ingredients and intravenous fluids. The group is also the largest ceramics exporter and has an investment in GMG Airlines, the largest private commercial airline in Bangladesh and in Unique Hotels & Resorts, which owns the Westin Hotel in Bangladesh.

State-of-the-art manufacturing plants located in the vicinity of Dhaka provide the Group with a highly cost effective manufacturing base. A majority of its plants are in the BEXIMCO Industrial Park, a vertically integrated self-contained facility. This facility provides ready access to captive power generation, water purification, liquid nitrogen, waste water treatment and other key infrastructure. The Group’s global clients include some of the world’s best known brands including BT, BASF, Chevron, Calvin Klein, H&M, JC Penney, Macys, Zara, UNICEF, Royal Doulton and Villeroy & Boch.

In recognition of its corporate success and creation of shareholder value, the BEXIMCO Group has and continues to make significant contributions to Bangladesh’s society. Sponsored organisations include ‘Proyash’, a specialised institute that works for the holistic development of children with special educational needs and ‘Gono Sahajjo Songstha’, an institution that provides education for the underprivileged. BEXIMCO was also an official sponsor of the Bangladesh National Cricket team for the ICC Cricket World Cup 2011 and also the official title sponsor of the FIFA friendly match between Argentina and Nigeria held in September, 2011.

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Source: New Age

 

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