BP Business Desk
Japan Tobacco Group has completed the financial transaction to acquire the tobacco business of Akij Group, and further increasing its presence in Asia. With this investment, the company will continue to accelerate its expansion in emerging markets, a key component of the Japan Tobacco Group’s growth strategy.
The substantial market share of Akij’s tobacco business places Japan Tobacco Group straight at the number two position in Bangladesh, which will expand the company’s quality top-line growth.
As the single largest foreign private investment in Bangladesh’s history, Japan Tobacco International, a member of Japan Tobacco Group, is in it for the long-term and are committed to the country by providing our international expertise and supply chain infrastructure well into the future. Bangladesh can expect significant benefits through Japan Tobacco International’s investment in people, trade and supply chain infrastructure. Japan Tobacco International is also committed to future investment in the wider community through long-term and impactful corporate social responsibility partnerships with local charitable organizations, as they do in other countries where they operate.
“Japan Tobacco International has a track record of bringing world-class Japanese quality and innovation to the markets we enter through our established global brands, standards and practices as well as to the local heritage brands of the companies we acquire in the countries where we invest”, said Maxim Lobachev, Managing Director, Japan Tobacco International Bangladesh.
Japan Tobacco International believes in the pursuit of excellence in everything that they do and this is nowhere more evident than in their commitment to employees. The company is accredited as a top employer in Asia and globally for their exceptional employee offerings, including its focus on training and recognized culture of respect.