Bangladesh Chemical Industries Corporation
About Company
Bangladesh Chemical Industries Corporation (BCIC)
The Bangladesh Chemical Industries Corporation (BCIC) is a state-owned corporation in Bangladesh that operates under the Ministry of Industries. It plays a significant role in the country’s industrial sector, particularly in the production and distribution of chemical fertilizers and other industrial chemicals.
Establishment and Ownership:
- The Bangladesh Chemical Industries Corporation (BCIC) is a state-owned enterprise, fully owned by the Government of Bangladesh.
- It was established in July 1976 through a Presidential Order.
- BCIC is housed in a 20 storied building located at 30-31, Dilkusha C/A, Dhaka.
Formation and Evolution:
- BCIC was formed by merging three former corporations:
- Bangladesh Fertilizer, Chemical and Pharmaceutical Corporation (BFCPC)
- Bangladesh Paper and Board Corporation (BPBC)
- Bangladesh Tanneries Corporation (BTC)
- Initially, BCIC managed 88 nationalized enterprises.
- Following government policy, many small and medium-sized enterprises were either sold to private entrepreneurs or returned to their previous owners.
Current Operations:
- BCIC currently manages 13 large and medium-sized industrial enterprises.
- These enterprises are involved in the production of a diverse range of products, including:
- Fertilizers (Urea, TSP, DAP)
- Paper
- Cement
- Glass sheets
- Hardboard
- Sulphuric Acid
- Sanitary ware
- Insulators
- Tiles
- Fire bricks
Mandate:
- BCIC is responsible for the supervision, coordination, and control of its managed enterprises.
- It also plays a role in developing new industries within the chemical and allied sectors of Bangladesh.
Key Points:
- BCIC is a significant industrial conglomerate in Bangladesh.
- Its operations contribute to various sectors of the national economy.
- It is a key player in the chemical and manufacturing industries of Bangladesh.
