Partex Group Explained

Partex Group
Type:Private
Industry:Conglomerate
Founded:[1]
Founder:MA Hashem
Hq Location City:Dhaka
Hq Location Country:Bangladesh
Key People:Aziz Al Kaiser (Chairman Partex Star Group), Aziz Al- Mahmood (Managing Director)
Products:Food & Beverages, Steel, Real Estate, Furniture, Plastics, Paper, Power & Energy, Jute, Agribusiness, Shipyards, Shipping, Cotton, Textile, Construction, IT, Cables, Aviation, PVC, Ceramics, Telecommunication, Oil, Logistics, Fisheries, etc.
Revenue:US$800 million[2]
Num Employees:Over 70,000
Homepage:,,

Partex Group is one of the largest family-run conglomerates in Bangladesh, consisting of over 70 factories.[3] The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc.[4]

History

It started in 1962, by industrialist M. A. Hashem with commodity trading.[5] Now it owns over 70 subsidiaries from tobacco to consumer goods, furniture, textile and the IT sector. It has split into two groups to improve management of its subsidiaries - Partex Holdings and Partex Star Group.

Partex's companies are in nearly all sectors, including food and beverages, plastics, fabrics, cotton, sugar, paper, jute, shipping, furniture, agribusiness, oil, cables, aviation, PVC, telecommunication, logistics, fisheries, education, services, IT, denim fabric industry and many more.

M. A. Hashem also founded two leading private banks in Bangladesh – The City Bank and United Commercial Bank Limited (UCB).

List of companies

See also

Notes and References

  1. Web site: About Us . 2014-05-07 . https://web.archive.org/web/20161122153017/http://www.partexgroup.com/about_us.html . 2016-11-22 . dead .
  2. Web site: Partex Group Overview . LinkedIn.
  3. Web site: PARTEX - About Us.
  4. News: Rahman . Sajjadur . 6 July 2010 . Partex Group splits . The Daily Star.
  5. News: How tycoons from Nepal, Bangladesh, Pakistan and Sri Lanka built thriving business empires . The Times of India . 2016-04-02.
  6. Web site: Enterprises . 2014-05-07 . https://web.archive.org/web/20150721105723/http://www.partexgroup.com/enterprises.html . 2015-07-21 . dead .
  7. News: Partex Furniture opens new showroom . The Financial Express . Dhaka . 2016-04-02.
  8. Web site: Partext Star Group Corporate . Partext Star Group.
  9. News: Partex Group chairman fails to turn up at ACC . Prothom Alo . 2016-04-02 . https://web.archive.org/web/20160918231454/http://en.prothom-alo.com/bangladesh/news/52937/Partex-Group-chairman-fails-to-turn-up-at-ACC . 2016-09-18 . dead .
  10. Web site: Welcome . Partext Petro.

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