ACI Limited explained
Advanced Chemical Industries, more commonly marketed and known as ACI (CSE: ACI, DSE: ACI), is a Bangladeshi pharmaceuticals and conglomerate company founded in 1973. The firm is headquartered in the thana of Tejgaon I/A in Dhaka. ACI is one of the leading firms in the pharmaceuticals and chemical industry of Bangladesh.
Advanced Chemical Industries (ACI) Limited, being one of the largest conglomerates[2] in Bangladesh with a multinational heritage operates across the country through its four diversified strategic business units.
- ACI Pharmaceuticals:- It aims to improve the health of the people of Bangladesh through the introduction of innovative and reliable pharmaceuticals products.
- ACI Consumer Brands:- It supplies daily life consumers goods such as toiletries, home care goods, hygiene, electricals and consumer electronics, paints and cooking essentials such as salt, flour, rice, tea and edible oil.
- ACI Agribusinesses:- It is the largest integrator in Bangladesh in agriculture, livestock, fisheries, farm mechanization, infrastructure development services and motorcycle.
- ACI Logistics Limited:- is the largest retail chain in Bangladesh operating through its 144 Shwapno outlets including 34 express outlets across the country by touching the lives of over 45,000 households each day.
History
In 1968, Imperial Chemical Industries, a British multinational company established a branch in then-East Pakistan. After Bangladesh gained independence in 1971, the company was incorporated on 24 January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. On 5 May 1992, ICI divested its investment in Bangladesh to the management when its name was changed to Advanced Chemical Industries (ACI) Limited. The company sold its insect control, air care and toilet care brands to SC Johnson & Son in 2015. The company contributed taka 4,318 million to the national exchequer during FY 2019–2020 in the form of corporate tax, customs duty and value-added tax.
Sister concerns
- ACI Formulations Limited[3]
- ACI Salt Limited[4]
- ACI Pure Flour Limited[5]
- ACI Foods Limited[6]
- ACI Agrolink Limited
- Creative Communication Limited[7]
- Premiaflex Plastics Limited
- ACI Motors Limited (Yamaha)[8]
- ACI Logistics Limited (Shwapno)[9]
- ACI Edible Oils Limited
- ACI HealthCare Limited[10]
- ACI Chemicals Limited
- INFOLYTX Bangladesh Limited
- ACI Biotech Limited
- ACI Marine and Riverine Technologies Limited
List of joint venture companies
- Tetley ACI (Bangladesh) Limited[11]
- Asian Consumer Care (Pvt.) Limited
- ACI Godrej Agrovet Private Limited[12]
- ACI CO-RO Bangladesh Ltd.
- Stochastic Logic Limited.
See also
External links
Notes and References
- Web site: Annual Report 20192020. 25 September 2021.
- News: Commercial papers set to become hot cakes: ACI. 27 March 2015. The Daily Star. 29 October 2016.
- News: AkzoNobel India keen to start Bangladesh venture – The Economic Times. The Economic Times. 29 October 2016.
- Web site: ACI Salt Ltd: Private Company Information – Businessweek. www.bloomberg.com. 29 October 2016.
- News: Big firms to go for rice milling. 22 January 2015. The Daily Star. 29 October 2016.
- News: Bangladeshi firms bag $3m in export orders from Paris fair. 21 October 2016. The Daily Star. 29 October 2016.
- News: Big firms to go for rice milling. 22 January 2015. The Daily Star. 29 October 2016.
- News: Tractor sales rise for haulage purposes. 17 March 2016. The Daily Star. 29 October 2016.
- Web site: Aci Logistics Limited: Private Company Information – Businessweek. www.bloomberg.com. 29 October 2016.
- News: Local firms still can't invest abroad. 12 June 2016. The Daily Star. 29 October 2016.
- Web site: Are we foolishly lapping up lies and misinformation on social media?. www.dailyo.in. 29 October 2016.
- News: Oxfam: Maze is a nutritious staple for the poor Dhaka Tribune. 25 September 2016. Dhaka Tribune. en-US. 29 October 2016.
