CEAT is setting up a tyre manufacturing plant in Bangladesh with an investment of around 500 crore Taka with a joint venture to A.K.Khan & Company Ltd, Bangladesh. The company CEAT AKKHAN LTD (Formerly CEAT Bangladesh Ltd (CBL)) has been incorporated in May’ 2012, with its office in Shanta Western Tower,8th floor,186 Tejgaon Gulshan Link road ,Tejgoan, Dhaka-1215. The company will manufacture worl
d class high quality tyres in the following categories;
1) Truck & Bus bias
2) Light commercial vehicle
3) Small commercial vehicle
4) Motorcycle
5) Auto rickshaw
Each Regional office will service a network of 20 – 30 dealers / distributors covering the entire 64 districts of Bangladesh. Our aim is to capture a market share of 40% of tyre industry potential of BD in 3-4 years time which should give us a t/o of 80 – 100 Crore Taka pm. CBL is expecting a turnover of 50 – 60 Crore Taka pa in financial year 2012 – 13, & a turnover of 180 – 200 Crore Taka pa in financial year 2013 – 14. CBL will have a network of our own dealers in entire Bangladesh with regional offices in Dhaka, Chittagong, Bogura, Jessore and Sylhet. CBL has engaged one of the best advertising agencies of BD for media publicity and promotion and would shortly engage in building up our brand equity and value amongst all stake holders in Bangladesh. Khan & Co Ltd is one of the oldest and most reputed business conglomerates in Bangladesh, operating since 1945. The Group engages in business through joint venture with renowned Multinational Companies (MNCs) like Coats Viyella Group (UK) & Pen Fabrics Malaysia (subsidiary of Toray Industries Inc of Japan) in Textiles, Telekom Malaysia as AKTEL (erstwhile), Community Water Systems (CWS) project to tackle the safe drinking water crisis in Bangladesh in cooperation with WaterHealth International Inc.USA, HFC, Maruha Nichiro Corporation of Japan in deep sea fishing and export Bangla Fishers. Furthermore, the group has its own businesses in Distributions, Telecom, IT (AKNET), (ICT- Internal Container Terminal), Securities, Logistics and others. Khan & Co Ltd is also planning to expand its business in Hospitality sector by setting up a 5 star Hotel and high- rise corporate Tower in Chittagong and special Economic Zone (SEZ) in Rupganj, Dhaka.