Number of employees Over 50000 Founded 1959 Type of business Private | Key people MA Hashem (Chairman) Founder MA Hashem Net income 82 million USD (2016) | |
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Products Food & Beverages, Steel, Real Estate, Furniture, Plastics, Paper, Power & Energy, Jute, Agribusiness, Shipyards, Shipping, Textile, Construction, IT, etc. Website www.partexgroup.com, www.partex.net, www.partexstargroup.com. Total assets 7.2 billion USD (556.3 billion ৳, 2016) Profiles | ||
Partex group is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc. Its 2015-2016 turnover amounted to approximately US$500 million. Partex Group is the largest family-run conglomerate in Bangladesh, consisting of over 45 industries.
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History
It started in 1959, by industrialist MA Hashem with tobacco trading. Now it owns over 45 subsidiaries from tobacco to consumer goods, furniture, textile and the IT sector. Pioneering 45 diverse industries makes Partex group the largest conglomerate in Bangladesh. It has split into two groups to improve management of its subsidiaries.
The One Group owns Star Particle Board Mills, Danish Condensed Milk, Danish Food Products, Danish Milk Bangladesh, Danish Distribution Network, Partex Furniture Industries, Corvee Maritime, Ferrotechnic Ltd, Rubel Steel Mills, Partex Ltd, Partex Builders, Partex Agro Ltd, Partex Housing, and Partex Laminates.
The other group, Partex Holdings, under Hashem, owns Amber Cotton Mills, Amber Pulp and Paper Mills, Partex Beverage, Partex Plastics, Partex Real Estate, Star Vegetable Oil Mills, Star Coconut Mills, Dhakacom Ltd (ISP), Fotoroma, Partex Spinning, Denim, and Partex Oil Tankers along with Deep Sea Fishing Services, and Hashem Corporation (Pvt) Ltd.