Beximco Group - The Rising Solitaire in Bangladesh

Today, Beximco Group is the biggest corporate house in Bangladesh and is slowly conquering the international market. The clear aim of the group is to find new ways to enhance the private sector of Bangladesh and increase its vastness. In recent times, Beximco Group has built valuable relationships in countries like Canada and United States of America for exporting its medicines and textiles.

Formed in 1972, the Beximco Group came into being right after independence of Bangladesh, thus making it one of the oldest sustaining corporate setups in the country.

Over the time span of more than 40 years, the company has grown from strength to strength and established itself firmly as the top business group in Bangladesh. Mr. Salman F Rahman has played a major role in Beximco Group’s adding up to the economy of the nation and improving lives of the people. He has entrenched the corporate integrity of the group and is the brain behind many progressive policies of the company. 

Beximco Group has continuously been contributing to Bangladesh’s economy and its intention is to take the country to a new lane of achievements. The group is involved in many sectors such as pharmaceuticals, IT and broadcasting, media, real sstate, construction, textile and garments, and ceramic. 

Today, the organization provides employment to around sixty -five thousand people, and this all has been possible today due to the clear vision of brothers Sohail F Rahman and Salman F Rahman who aim to take Bangladesh to the world.

Beximco Pharma Is In the Forefront of Industry Developments

Beximco Pharmaceuticals Ltd. has reached another milestone as it won the much reputed Scrip Award recently. The Bangladeshi pharmaceuticals giant has been in the forefront of many progressive developments of the industry. In 2003, the company was the first to introduce anti-retroviral (AVR) drugs in Bangladesh. In 2009, it became the only Bangladeshi company to receive GMP approval from ANSIVA, Brazil. Beximco is also one of the very few and first pharmaceutical companies of Bangladesh to have received approval for export operations to the European and American markets. 

The recent Scrip Award in the category of ‘Best Company in an Emerging Market’ is an award that recognizes individuals and companies that have demonstrated excellent performance towards significant contribution in the healthcare industry. The founders of Beximco, Sohail F Rahman and Salman F Rahman, both prominent Bangladeshi businessmen are positive on the future of the pharmaceuticals industry of Bangladesh, especially on export operations.

Beximco recently signed a MoU with Nuvista pharma to acquire 85.22% shareholding of that company. The acquisition is expected to strengthen Beximco’s presence in the steroid and hormones segment. This is a big boost not only for the company but for the entire economy as a whole. Bangladesh is one of the fastest growing economies; ranked 2nd by the IMF. Export operations being major contributors to this robust growth, the pharmaceuticals industry remains a key contributor. As we know that South East Asia, let alone the other regions, has a huge market for pharmaceutical products, and developments in the industry will definitely serve as a major impetus for the growth of both the industry and the economy.

3 Benefits of Beximco’s Purchase of LPG Carrier Vessel

Beximco Petroleum Limited recently purchased a LPG (Liquefied Petroleum Gas) carrier named BEXPETRO-1. The vessel, with a carrying capacity of 2700MT is expected to increase import and export activities of LPG in the country. Bangladesh is a huge consumer of LPG. The government provides LPG pipeline connection to households. The country previously depended heavily on natural gas for their power needs. But the alarming reserves of natural gas pushed the government to promote LPG as the alternative source of energy consumption.

Beximco’s Vice Chairman, Salman F Rahman is confident that the recent acquisition is going to boost both company’s vision of becoming one of the key players in petroleum and the country’s vision for a better Bangladesh. There are three major areas that the new purchase can bring growth in:

Meeting Skyrocketing Demand of LPG
The demand for LPG is skyrocketing. With a current capacity of 40000 MT/year to suffice a staggering demand of 15 Million MT/year, the BEXPETRO-1, with a carrying capacity of 2700 MT is expected to immensely raise the LPG capacity of the country. The vessel is expected to pave way for more efficient LPG supply chain. 

Boosting Economy
As of now the cement and textile industries of the country consume the most amount of natural gas as they do require a voluminous amount. The shift to using more LPG by domestic households and other industries can greatly increase the capacity of production. Bangladesh generates an enormous amount of revenue through its textile and cement industry. The new development is expected to give leverage to the GDP of the economy.

Company Vision
Beximco Group was established in the early 1970s with a vision to expand and grow into every possible industry. Since its inception the company under Salman F Rahman’s effective leadership and vision, has grown much into establishing a strong presence in various industries ranging from textile to pharmaceuticals. The recent acquisition is expected to increase Beximco’s activities in the petroleum industry.

The BEXPETRO-1 will carry on frequent operations on international waters and is expected to deliver its first shipment in early December this year. With the hope that the vessel brings, there is much excitement amidst individuals and organizations in the country.

Involvement of Beximco Group in Bangladesh’s Development

Beximco needs no introduction, not only in industrial sector but even to the each individuals of the country. Beximco has clearly positioned itself as the top private company in Bangladesh and now galloping to the international market. The main motive of the organization is to take Bangladesh to the world. Thus the group is constantly heading Bangladesh towards growth and development. Beximco has made its presence in international market by providing considerable contributions in textiles, ceramics, real estate, marine foods, media, financial services and pharmaceuticals sectors.

The group has seen a major growth and modernization in its pharmaceutical division in recent times. Beximco has started manufacturing and exporting an ophthalmic product, Olopatadine, used in eye allergies to Canada. Company’s pharmaceutical division is taking significant measures to forward the organization to strengthen its presence in America. This is the first time that a company in Bangladesh has exported its medical product to Canada and this growth of the company is completely possible due to the clear vision of the founder Mr. Salman F Rahman.

Beximco also has a great contribution to country’s GDP. Roughly sixty five thousand people are provided employment by the company. Regular initiatives by the company to push up the economy and improve the lifestyle of the residents are worth discussing.

This top Bangladeshi company is just positioning itself as a driving force of the country.

Beximco Engineering Ltd - Revising Economies with Aid of the Technological Revolution

The growth of any nation can be accredited by the developments in engineering and construction sectors. Engineering firms consist of experts that work together, and with their aggregated experience, these firms have successfully brought up profound developments. This has made substantial changes to the economies of countries by building them up gradually from the roots. Precise technological reforms with the assistance of an admirable framework have been a huge benefit to engineering companies. These firms portray methodical and complex structures to effortlessly execute diverse projects and tackle the challenges that face the same. The efficient utilization of improvised techniques that emphasizes on bringing out the best of the industry has been motivating such firms to accelerate their growth.

Being a behemoth firm with technological leadership and renowned for adapting result oriented approaches for better productivity, Beximco Engineering Ltd (BEL) tops the list of good Bangladeshi companies and has been at the forefront of engineering innovations in Bangladesh. The firm is consistently making superior advancements in the significant development of the country under the effective leadership of Salman F Rahman and Sohail F Rahman. They are acclaimed for their expertise and capability that evidently make them leaders in the industry. Due to the increasing number of competitors in the field, engineering companies have to strive hard to be in front of its rivals to keep up with high expert administration quality and astounding aptitude. By aiding in the advancement of developments, these organizations are rewriting the basic structures of the economy of Bangladesh.

An efficient workforce is imperative for the success of these organizations. Therefore, seasoned professionals with a keen eye on innovation and technological advancements are an absolute necessity to bring in newer reforms that can take the company to new heights and develop the economy in a better manner. Salman F Rahman and Sohail F Rahman effectively provide that to the company and to the country.

Beximco - A True Leader in High-End Ceramic Products

With the rise of industries all across Bangladesh, organizations have to strive and combine efforts of their top management team to facilitate the steady and prosperous growth of the company. Such a lucrative sector of Bangladesh is the Ceramic Industry. Organizations have to wear craftsmanship at their hearts to ensure that products of high quality are delivered to their customers in diverse locations. Furthermore, these organizations have to develop superior methodologies that assure quality at every pertinent stage of manufacturing. Every reform must subsequently benefit and add considerable value to the growth of the company. With the adaptation of new and improvised materials for the manufacture of ceramics and the recent growth in demand for innovative products has been evidently remodelling this particular industry. To effectively combine artistry and precise outputs, state-of-the-art technologies have been implemented by leaders of the industry to showcase the best of contemporary design.

One such leader of the industry at present is Shinepukur Ceramics led by the global giant – Beximco Group, one of the top Bangladeshi companies that are adopting revised reforms to grow and expand exponentially. The renowned ceramic division of Beximco possesses top industry experts those utilize their specific set of skills for developing top of line products desired by customers from various geographies. Efficiently led by dynamic businessmen like Salman F Rahman and Sohail F Rahman, Shinepukur Ceramics has made a name for itself by becoming one of the most sought-after high-end ceramic manufacturers in the country. 

The rise in competition for high-quality products has resulted in ceramic companies implementing hand-made procedures to sustain value by churning out premium products. This intelligent reform has brought much attention to the ceramic industry as the demand for personalized hand-made products has increased worldwide significantly. This facilitates the consistent growth of the industry by coming out with better and tried out measures for gaining a higher market share. Shinepukur Ceramics of Beximco Group is leading the sector with its innovation, management efficiency and experience.

BEXIMCO - Crossing Boundaries Together

Under the efficient leadership of seasoned professionals, the Global conglomerate – BEXIMCO Group has grown and changed, through extensive design, into a multinational powerhouse. The company is proficient in diverse sectors such as import - export, textiles, pharmaceuticals and a plethora of other prominent businesses. The entire business operation of BEXIMCO Group runs with the ultimate aim of taking Bangladesh to the world. A search for the top private company in Bangladesh would show one the significance and presence of this global giant. The company pursues high performance with high integrity. With excellence portrayed in every venture, BEXIMCO Group has made more than just a statement on the global map.

This was the mission of the founders - Ahmed Sohail F Rahman and Salman F Rahman. While their vision speaks of the future of the organization, their astounding mission talks about the overall purpose. To articulate the group’s direction, the founders set proactive business goals and objectives that speak about desired business outcomes. Top executives at BEXIMCO Group prioritize and take a holistic view of the threats and opportunities facing the business, define where change is required, choreograph the change, and empower people at every level of the organization to work together and devise solutions. 

By effortlessly improving communication processes, BEXIMCO Group subsequently increases work flow and overall productivity in all ventures. Effective communication permits employees to collaborate effectively, racking in resolute and stable productive results.

BEXIMCO Group envelops one of south Asia’s refined textile organizations and is also the biggest exporter of pharmaceuticals in Bangladesh with a global presence in 45 nations.

The company works by acknowledging the fact that the management team efficiently administers the changes in information flow, technology, political accountability and global competition.