Tag Archives: Beximco Group

Diversified conglomerate aims to take Bangladesh to the world

Like Bangladesh itself, the growth of the Beximco Group has been rapid and unprecedented. With a presence in more than 45 countries, the company is charged with being one of the country’s most important ambassadors internationally

Founded in the 1970s by two brothers, Ahmed Sohail Fasiur Rahman and Salman Fazlur Rahman, Beximco Group is the largest employer in the private sector in Bangladesh. Employing over 48,000 people worldwide, it has evolved from a modest commodities trading company to a heavily diversified conglomerate with operations in sectors as diverse as textiles, real estate development, media, ceramics, pharmaceuticals, and energy. The company operates both domestically and internationally, and combined, the industries it works in account for nearly 75% of Bangladesh’s GDP.

The country produces 99% of its domestic health requirements, in addition to now stepping up its exports. Reflecting the growth of the sector and indeed the nation, the expansion of the Beximco Group has also been rapid and unprecedented. It is now the largest exporter of pharmaceuticals in the nation, and has a global presence in more than 45 countries.

In addition to manufacturing and selling generic pharmaceutical formulation products, active pharmaceutical ingredients (API), and intravenous fluids, it began exporting to the EU market in 2013, where its ophthalmic products are especially notable. Latanoprost and Timol are two drugs used to reduce the pressure inside the eye for people with open-angle glaucoma or intraocular hypertension, and are already available in Germany, Austria, and other parts of the EU. The Beximco Group’s budget-friendly generic alternatives have been a welcome addition to governments seeking to reduce healthcare costs without compromising on quality.

FDA approval
Beximco Pharmaceuticals and its facilities are already also accredited for export by the regulatory authorities of Australia, Canada, Taiwan, and Brazil, and as of June 2015, the company can boast of having tapped into another major international market. Following the successful inspection of its oral solid dosage facility in its production center at Tongi, the Beximco Group became the first Bangladeshi company to be approved by the U.S. Food and Drug Administration.

This achievement will pave the way for the export of medicines to the U.S. market, which is famous for its exacting standards and regulations.

Among the drugs Beximco Pharma will export are its generic version of the wonder drug, Sofosbuvir, which is made by Gilead Sciences Inc. and known for its effectiveness at treating hepatitis C (it has a 90% cure rate), as well as its hefty price tag. The Beximco Pharma version – which is prescription only – costs nearly half the price per tablet, making it the cheapest treatment for hepatitis C in the world. For an idea of the market potential of this drug, it is worth noting that an estimated 170-185 million people around the globe are chronically infected with the hepatitis C virus.

According to Salman F. Rahman, the Vice Chairman of the Beximco Group and one of its co-founders, the company’s decision to move into the pharmaceutical manufacturing business was its first major milestone, although in retrospect, this move aligns perfectly with the company’s mantra of ‘Taking Bangladesh to the World.’ He explains that previously, the company’s motto was ‘Diversity is Our Strength’. While this is certainly an idea that continues to ring true through the highly diversified portfolio of industries that the Beximco Group is present in, it is clear that the company is developing an increasingly global agenda.

 

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Salman F Rahman, a True Inspiration!

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Mr. Salman F Rahman, a top-notch entrepreneur, a successful businessman, a philanthropist and now a proud owner of Bangladesh’s largest corporate venture with an astounding turnover, the man has many accreditations to his credit. A family to more than 48,000 employees, investments in numerous business ventures under his conglomerate company, Salman has left no stone unturned to meet international standards for his giant business venture, Beximco.

Rahman is today heading numerous business enterprises under the parent company, Beximco, namely- Bangladesh Export Import Co. Ltd., Beximco Pharmaceuticals Ltd., Beximco Synthetics Ltd., Beximco Engineering Ltd. et al. He transformed the scenario of business in Bangladesh with some of his most successful ventures in the arenas of textiles, pharmaceuticals, finance and real estate. One of his most successful endeavors includes the Beximco Pharmaceuticals which gained national fame with its precious listing in the Dhaka Stock Exchange. What started as a small-scale company, this pharmaceutical company became one of the country’s biggest achievements and the nation’s pride by grabbing the limelight in the London’s Alternative Investment Exchange.

However, this inspiring personality and now one among the richest business tycoons of Bangladesh, Salman F Rahman faced a period of stress and storm owing to his humble parentage. He and his brother were left to make their own living after the demise of their father in 1966. What was left in the name of his parental property was a small-scale jute mill, which too was later confiscated by the government. Their wait to own their mill back lasted for good ten years, only after the government brought-in a relaxation in its rules. Since then, there was never looking back. With his will, enviable knowledge and a solid experience, he established an experimental company by the name Beximco in 1972. The company later expanded in terms of its revenue and potential to become the country’s largest private business enterprise.

Later, with credible investments into the banking sector of the country Salman F Rahman established the Arab Bangladesh bank in alliance with the Galadari Brothers Group, based in Dubai. He is today leading the International Finance Investment and Commerce Bank as its chairman and holds a stake of more than 30 per cent.

Salman F Rahman has made commendable contributions to uplift the ceramics sector of the country. With hard work and meticulous planning, his company has become the premiere exporter of ceramic products today. Beximco has established itself as an international brand for manufactured ceramic products. His successful ventures have surely won fame and credit to this developing country. Numerous enterprises headed by Beximco Group have made phenomenal contributions in uplifting the economy of the country. Today, he Salman F Rahman is an inspiring icon for the youth of the country.

Salman F Rahman new ATCO president

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Salman F Rahman, chairman of Independent Television, was elected president of ATCO (Association of Television Channel Owners) yesterday. Ekattor TV Managing Director Mozammel Babu and Desh TV Deputy Managing Director Arif Hasan were elected senior vice president and vice president respectively of the private television channel owners’ association in Bangladesh.  The 15-member committee has been elected for a 2-year tenure. After the election, the new committee expressed its optimism to take forward the country’s rapidly expanding media industry. New ATCO President Salman F Rahman said the election of the new committee will add momentum to the activities of ATCO. He also expressed hope that various problems that exist in this industry will be solved through the new committee. The election to ATCO’s new committee was held at a hotel in the capital.

Read Source: http://www.theindependentbd.com/post/95771

Beximco to distribute Norwegian composite LPG cylinders in Bangladesh

As natural gas is a limited resource in Bangladesh, the government aims to reserve this energy source for industrial applications and power generation.

Piped natural gas for households is planned to be replaced with bottled LPG, and it is therefore anticipated that the demand for LPG cylinders will be significant in the coming years.

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Hexagon Composites` subsidiary Hexagon Ragasco has entered into a four-year frame agreement with Beximco Group for sales of composite LPG cylinders into the fast growing Bangladeshi market. –

The parties are targeting a volume of 1.4 million cylinders over the four-year period of the frame agreement.

The first delivery under the frame agreement will be shipped in the fourth quarter of this year. The total value of the initial order is approximately USD 2.1 million (approximately NOK 17 million).

Hexagon Ragasco is the world`s leading manufacturer of composite LPG cylinders with more than 11 million units in commercial use. The high-volume, highly automated production facility in Raufoss, Norway is the most advanced of its kind world-wide.

Hexagon Ragasco`s products are unique and provide many advantages over traditional steel cylinders in terms of safety and user-friendliness.

“We expect that this agreement is the start of a long-term collaboration with Beximco Group,” says Skjalg S. Stavheim, Managing Director of Hexagon Ragasco. “With a premium product offering considerable advantages over steel cylinders, we are confident that the composite LPG cylinders will help to make domestic use of LPG in Bangladesh safer and more user-friendly.”

The Beximco Group is one of Bangladesh`s largest and most diversified industrial conglomerates with an annual turnover in excess of USD one billion and employing 65,000 people.

“We are very pleased to have entered into a partnership with Hexagon Ragasco. The lightweight LPG cylinders provide numerous advantages over traditional steel cylinders in terms of safety, corrosion-resistance and user-friendliness, and will give improved handling and experience for the distributors and consumers,” says Ajmal Kabir, Group Director and CEO, Petroleum & LNG at Beximco Group. “With our leading position, we aim to enter the LPG business in Bangladesh on a large scale.”

Source: Reuters

প্রধানমন্ত্রীর উপদেষ্টা হলেন সালমান এফ রহমান

বাংলাদেশের অন্যতম শীর্ষ ব্যবসায়ী সালমান এফ রহমানকে আওয়ামী লীগ সভাপতি ও প্রধানমন্ত্রী শেখ হাসিনার বেসরকারি খাত উন্নয়ন বিষয়ক উপদেষ্টা হিসেবে নিয়োগ দেওয়া হয়েছে। রোববার আওয়ামী লীগের নব নির্বাচিত সাধারণ সম্পাদক ও সড়ক পরিবহন মন্ত্রী ওবায়দুল কাদের স্বাক্ষরিত এক চিঠিতে বিষয়টি নিশ্চিত করা হয়।

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সালমান এফ রহমান তার শ্রম, মেধা ও প্রজ্ঞা দিয়ে বেসরক‍ারি খাতের উন্নয়নে নতুন গতিবেগের সঞ্চার করবেন বলেও আশা প্রকাশ করা হয় চিঠিতে।

সফল ব্যবসায়ী সালমান এফ রহমান বেক্সিমকোর প্রতিষ্ঠাতা ও আইএফআইসি ব্যাংক লিমিটেডের চেয়ারম্যান। তিনি ব্যবসায়ীদের শীর্ষ সংগঠন দ্য ফেডারেশন অব বাংলাদেশ চেম্বার অব কমার্স অ্যান্ড ইন্ড্রাস্ট্রিজ (এফবিসিসিআই) এরও একজন সফল নেতা। এছাড়া আবাহনী ক্রীড়া চক্রের চেয়ারম্যান হয়ে ক্রীড়া সংগঠক হিসেবেও সুনাম কুড়িয়েছেন তিনি। মনোনীত হয়েছিলেন ঢাকা স্টক এক্সচেঞ্জের (ডিএসই) পরিচালক।

বাংলাদেশ অ্যাসোসিয়েশন অব পাবলিকলি লিস্টেড কোম্পানিজ ও বাংলাদেশ ওষুধ শিল্প সমিতির সভাপতি হিসেবেও সুনাম কুড়িয়েছেন সালমান এফ রহমান। এছাড়াও তিনি বাংলাদেশ এন্টারপ্রাইজ ইনস্টিটিউট (বিএনআই) ও ইংরেজি দৈনিক ইনডিপেনডেন্ট-এর সম্পাদকমণ্ডলীর চেয়ারম্যান।

সালমান এফ রহমান ১৯৭২ সালে বাংলাদেশ রপ্তানি ও আমদানি কোম্পানি (বেক্সিমকো গ্রুপ) প্রতিষ্ঠা করেন। বেলজিয়াম, ফ্রান্স, ব্রিটেন, জার্মানি ও নেদারল্যান্ডে শুরু করেন সীফুড ও হাড় গুঁড়া রপ্তানি। ওই রপ্তানির আয় দিয়ে শুরু করেন ওষুধ আমদানি। পরেবর্তীতে একের পর এক সফল প্রতিষ্ঠানের জন্ম দিয়ে হয়ে ওঠেন দেশের অন্যতম সফল ব্যবসায়ী নেতা।

Salman F Rahman remains Sheikh Hasina’s adviser

The vice chairman of Beximco was notified of his appointment in a letter signed by the ruling party’s general secretary Obaidul Quader on Sunday.

The party hopes Salman F Rahman will use his ‘energy, wisdom and merits’ for developing the private sector, the letter says.

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Salman, who headed the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) from 1994 to 1996, entered politics in the mid 1990s.

He founded a party ‘Samriddhya Bangladesh Andolan’ but later joined the Awami League.

 

He was made the private sector development adviser to Sheikh Hasina after the Awami League came to power in 2009.

Salman F Rahman and his elder brother Sohail Rahman started their business in 1966 with a jute mill they inherited.

They began the Bangladesh Export Import Company (Beximco) after their mill was nationalised following Bangladesh’s liberation from Pakistan in 1971.

The company began trading in medicines. Beximco is currently the country’s largest business group which employs over 55,000 people.

The group has interests in textiles, pharmaceuticals, ceramics, real estate, energy, trading, ICT and media, financial services, engineering and construction.

Its products are exported to 43 countries, according to the group’s website.

Salman is currently chairman of the IFIC Bank and owns English daily ‘The Independent’ and Independent Television.

The businessman, besides heading the FBCCI, was also president of Bangladesh Textile Mills Association, SAARC Chamber of Commerce and Industry, Bangladesh Association of Pharmaceutical Industries and top sports organisation Abahani Limited.

He had also been a member of the board of directors at Dhaka Stock Exchange (DSE).

Source: http://bdnews24.com/

যুক্তরাষ্ট্রে বেক্সিমকো ফার্মার আরেকটি ওষুধ অনুমোদন

বেক্সিমকো ফার্মার দ্বিতীয় পণ্য হিসেবে মার্কিন খাদ্য ও ওষুধ নিয়ন্ত্রকদের অনুমোদন পেয়েছে কার্ডিওভাসকুলার ড্রাগ বেটাপেসের জেনেরিক ভার্সন সোটালোল হাইড্রোক্লোরাইড।

ওষুধ ও রসায়ন খাতের

US market with Beximco Pharma

তালিকাভুক্ত কোম্পানিটি জানায়, এর আগে ২০১৫ সালের জুনে তাদের প্রথম ওষুধ হিসেবে ফুড অ্যান্ড ড্রাগস অ্যাডমিনস্ট্রেশনের (ইউএস এফডিএ) অনুমোদন পায় কার্ভোডিলল। দ্বিতীয় পণ্যটি অনুমোদনের মধ্য দিয়ে যুক্তরাষ্ট্রে ওষুধ রফতানিতে আরেক ধাপ এগিয়ে গেল তারা। এ অনুমোদন লাভের ফলে বেক্সিমকো ফার্মা বিভিন্ন মাত্রার (৮০ মিলিগ্রাম, ১২০ ও ১৬০ মিলিগ্রাম) সোটালোল ট্যাবলেট উত্পাদন করতে পারবে। ২০১৭ সালের প্রথম প্রান্তিকের মধ্যে সোটালোল ট্যাবলেট বাজারজাত করার আশা করছে বেক্সিমকো ফার্মাসিউটিক্যালস। বর্তমানে যুক্তরাষ্ট্রে টেভা, কোয়ালিটেস্ট, এ্যাপোটেক্স ও স্যানডোজ নামে চারটি কোম্পানির সোটালোল জেনেরিক ট্যাবলেট বিক্রি হচ্ছে।

বেক্সিমকো ফার্মার ব্যবস্থাপনা পরিচালক নাজমুল হাসান এমপি বলেন, ‘আমাদের দ্বিতীয় পণ্য ইউএস এফডিএর এএনডিএ অনুমোদন লাভ করায় আমরা সত্যিই আনন্দিত। সোটালোল সম্পূর্ণভাবে আমাদের ইন হাউজ প্রডাক্ট। এ অনুমোদন সক্ষমতা বৃদ্ধি, রিসার্চ অ্যান্ড ডেভেলপমেন্ট ও রেগুলেটরি স্কিলে আমাদের ক্রমোন্নতিরই প্রতিফলন। আমরা যুক্তরাষ্ট্রের বাজারে কার্ভোডিলল রফতানি করছি। আরো বেশ কয়েকটি অনুমোদনের অপেক্ষায় রয়েছে। আমার বিশ্বাস, এর মধ্য দিয়ে বিশ্ববাজারে আমাদের অবস্থান আরো শক্তিশালী হবে।

বর্তমানে ৫০টিরও বেশি দেশে ওষুধ রফতানি করছে বেক্সিমকো ফার্মা । তাদের প্লান্ট ও উত্পাদন প্রক্রিয়া ইউএস এফডিএ, এজিইএস (ইইউ), টিজিএ অস্ট্রেলিয়া, হেলথ কানাডা, জিসিসি অ্যান্ড টিএফডিএসহ বিশ্বের বিভিন্ন গুরুত্বপূর্ণ নিয়ন্ত্রক সংস্থা কর্তৃক স্বীকৃত।