Partex Group

Partex Group
Private
Industry Conglomerate
Founded 1959 (1959)[1]
Founder MA Hashem [2]
Headquarters Dhaka, Bangladesh
Key people
 MA Hashem (Chairman)[2]
Products Food & Beverages, Steel, Real Estate, Furniture, Plastics, Paper, Power & Energy, Jute, Agribusiness, Shipyards, Shipping, Textile, Construction, IT, etc.
Increase US$182.22 million (2016)
Total assets US$ 8 billion(556.3 billion ৳) (2016)
Number of employees
 Over 100000[3]
Website www.partexgroup.com, www.partex.net, www.partexstargroup.com.

The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc.[4] Its 2015-2016 turnover amounted to approximately US$5 billion. Partex Group is the largest family-run conglomerate in Bangladesh, consisting of over 60 companies. [5]

History

It started in 1959, by industrialist MA Hashem with tobacco trading.[2] Now it owns over 60 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.[6]

Partex’s companies are market leaders in nearly all sectors, including food and beverages, plastics, fabrics, cotton, sugar, paper, jute, shipping, furniture, real estate, media, education, services, IT, and many more. The towering heights reached by the group has been possible due to M. A. Hashem's missionary zeal and unflinching commitment to quality and ethics.

Guided by his visionary’s dream, backed by an inexhaustible repository of efforts, Partex Group has grown into one of the most influential conglomerates in Bangladesh today.

M. A. Hashem is also one of the pioneers of the birth and growth of private banks and insurance companies in Bangladesh. He founded two of the largest private banks in Bangladesh – The City Bank and United Commercial Bank Limited (UCB).

Having come from a modest background himself, M.A Hashem is also a philanthropist. He has a school and hospital under his name, both of which are non-profit organizations.

List of companies

  • Partex Cables Limited
  • Star Particle Board Mills Limited[7]
  • Partex Furniture[8]
  • Partex Builders Limited
  • Star Gupsum Board Mills Limited
  • Partex Laminates Limited
  • Partex Impregnation Limited
  • Partex PVC Industries Limited
  • Partex Agro Limited
  • Rubel Steel Mills Limited
  • Corvee Maritime Co. Limited
  • Ferrotechnic Limited
  • Partex Limited
  • Partex Housing Limited
  • Danish Condensed Milk (BD) Ltd[9]
  • Danish Foods Limited
  • Danish Distribution Network Limited
  • Danish Milk Bangladesh Limited
  • Danish Dairy Farm Limited
  • Amber Pulp & Paper Mills Limited
  • Partex Paper Mills Limited
  • Partex Board Mills Limited
  • Partex Sugar Mills Limited[10]
  • Amber Cotton Mills Limited (UNIT-1)
  • Amber Cotton Mills Limited (UNIT-2)
  • Partex Rotor Spinning Mills Limited
  • Partex Denim Limited
  • Partex Denim Mills Limited
  • Partex Energy Limited
  • Partex Holdings
  • Dhakacom Limited
  • Star Vegetable Oil Mills Ltd.
  • Partex Properties Limited
  • Partex Beverage Limited
  • Partex Plastics Limited
  • Partex Foundry Limited
  • Partex Jute Limited
  • Partex Shipyards Limited
  • Partex Oil Tankers
  • Partex Cables Ltd.
  • Partex Aeromarine Logistics Ltd.
  • Partex Petro Ltd.
  • Partex Fisheries Ltd.
  • Partex Aviation Ltd.
  • Partex Ceramics Ltd.
  • New Era Milk Processing Ltd.
  • New Horizon Farms Ltd.
  • Partex Accessories Ltd.
  • Royal Crown Cola Ltd.
  • MUM Water Ltd.
  • New Light Star Apparels Ltd.
  • Red Origin
  • Reluce
  • Partex Sporting Club
  • Partex Power Generation Company Ltd.
  • Star Adhesives Ltd.
  • Shubornobhumi Housing Ltd.
  • Voicetell Ltd.
  • Geometric Business Development Ltd.
  • Partex Tissue Ltd.
  • Giovana Denim Mills Ltd.
  • Fabiana Flour Mills Ltd.
  • Fairhope Housing Ltd.
  • Partex Refinery Ltd. (Capacity 10,000 barrels/day)

See also

References

  1. ↑ http://www.partexgroup.com/about_us.html
  2. 1 2 3 "How tycoons from Nepal, Bangladesh, Pakistan and Sri Lanka built thriving business empires". The Times of India. Retrieved 2016-04-02.
  3. ↑ http://www.partexgroup.com/about_us.html
  4. ↑ http://www.thedailystar.net/newDesign/news-details.php?nid=145603
  5. ↑ http://www.partex.net/aboutus.html
  6. ↑ "Partex Group splits". The Daily Star. Retrieved 2016-04-02.
  7. ↑ http://www.partexgroup.com/enterprises.html
  8. ↑ "Partex Furniture opens new showroom". The Financial Express. Dhaka. Retrieved 2016-04-02.
  9. ↑ http://partexstargroup.com
  10. ↑ "Partex Group chairman fails to turn up at ACC". Prothom Alo. Retrieved 2016-04-02.


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