Picture / ছবি (2024)

01/12/2023

About Us:

City Group is one of Bangladesh’s leading conglomerates and trusted consumer goods manufacturers. With 51 years of business legacy, the group has grown substantially over the period in value creation and production. At present there are 40 sister concerns, each specializing in different products and services.

The group’s strength lies in devotion to meet our promises of delivery, uncompromising attitude for quality, and cherished relationship with customers, employees and all social groups.
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Our Vision

"To become leading Bangladeshi conglomerate in global arena operating responsibly and sustainably for making a better society"

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Our Mission

"Blending world class technology, innovation and local entrepreneurship to provide hygiene, health and excellence to consumers "

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Our Core Values -

1. Innovation
2. Quality
3. Productivity
4. Accountability
5. Integrity
6. Teamwork

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citygroup.com.bd

28/11/2023

27/11/2023

City Group set to shake Bangladesh's LPG market next year

Amidst a challenging landscape where some LPG operators are struggling to offload their units due to mounting loan obligations coupled with declining sales, City Group, one of the nation's premier conglomerates, is making a bold move by investing more than Tk2,000 crore in setting up the largest liquefied petroleum gas (LPG) plant in the country.
This ambitious endeavour will be launched within the Hoshendi Economic Zone located in Gajaria, Munshiganj.
In addition to this monumental venture, the conglomerate is currently engaged in negotiations to acquire two plants, each equipped with import terminals, situated in Mongla and Chattogram.
These strategic moves are aimed at securing a firm foothold in the burgeoning LPG market, which is expanding beyond its traditional use in cooking gas to encompass industrial, automotive and power generation applications.

As the supply of natural gas continues to dwindle, the demand for LPG is poised to surge. City Group's plan comes at a critical juncture, with its new plant boasting an impressive storage capacity exceeding 16,000 tonnes – a record high in the country. This capacity is expected to grow even further to over 20,000 tonnes upon the successful acquisition of the two additional plants, as per the conglomerate's outlined strategy.
Fazlur Rahman, head of City Group's LPG unit, said, "Approximately 70% of our preparations have already been completed and we are aiming to enter the market during the first quarter of the upcoming year."
City Group plans to market its LPG products under its flagship brand "Teer".
City Group's foray into the LPG market will make it the latest entrant among the 29 operators currently active in Bangladesh, including industry giants such as Bashundhara, Omera, Meghna Group of Industries (Fresh), Beximco, S Alam Group, and JMI Group.
Meanwhile, foreign operators such as France's TotalGaz, Dutch Petromax, and Hong Kong's Kai Heng Long Global Energy have established a presence in this rapidly expanding market.
Over the past decade, Bangladesh's LPG market has experienced remarkable growth, with annual rates ranging between 15% and 20% attributed to the government's ongoing efforts not to provide natural gas connections to households.
Market operators report that LPG demand, which stood at 80,000 tonnes in 2013, is poised to exceed 14 lakh tonnes by the end of 2023, marking a staggering 15-fold increase over the course of a decade. Projections indicate that LPG demand in Bangladesh could reach 30 lakh tonnes by 2030.
Among the current LPG operators, JMI Group possesses the largest storage capacity at 14,000 tonnes, followed by BMI Energy at 10,700 tonnes, Omera at 9,600 tonnes, and Bashundhara at 9,300 tonnes.
City Group's capacity at the Hoshendi plant will stand at 16,500 tonnes. This figure is expected to rise to approximately 20,000 tonnes upon the acquisition of the two additional plants in Mongla and Chattogram.
In terms of market share, Bashundhara leads the way, followed by Omera, Unigas Jamuna, and Fresh. These top 10 companies collectively dominate over 70% of the market, even though some are currently seeking buyers due to substantial bank loan liabilities.
The LPG industry in Bangladesh has witnessed substantial investments totalling around Tk30,000 crore over the past decade, with significant foreign direct investment inflows.
In 2022, the Netherlands' SHV Energy entered the burgeoning Bangladesh LPG market through the acquisition of Petromax LPG and Petromax Cylinders at a cost of around $100 million.
Reason for investment
LPG boasts a versatile array of over 1,000 applications, serving the needs of hundreds of millions of people across diverse sectors such as commercial business, industry, transportation, agriculture, power generation, cooking, heating and recreation.
This adaptability makes LPG indispensable, catering to a wide spectrum of needs, from powering family kitchens in Dhaka to factory kitchens in Gazipur, providing refrigeration for shop owners in Bandarban, supplying Autogas for urban vehicles, and supporting welders in old Dhaka, among countless other uses.
The dwindling reserves of natural gas have prompted the Bangladesh government to cease new natural gas connections since 2008. Although attempts to resume connections have been made sporadically, supply shortages have prevented their continuation.

27/11/2023

Dutch delegate visits City Economic Zone

27/11/2023

City Group's Fol-O Strawberry Candy sets a sweet benchmark with AI-designed packaging debut

City Group, a leading conglomerate, is proud to introduce an unprecedented innovation in the world of confectionery.
Meet Fol-O, the latest addition to the candy lineup, now available with a delectable strawberry flavor and a liquid-filled center that's set to tantalize taste buds across the nation. But what truly distinguishes Fol-O is not just its delightful taste but the groundbreaking approach to its packaging, reads a press release.
Speech Bubble Communications Ltd, the agency entrusted with this task, has harnessed the power of Artificial Intelligence (AI) to craft an eye-catching design – a historic first in the Bangladesh candy industry.

27/11/2023

CITY Champions League

19/11/2023

About Us:

City Group is one of Bangladesh’s leading conglomerates and trusted consumer goods manufacturers. With 51 years of business legacy, the group has grown substantially over the period in value creation and production. At present there are 40 sister concerns, each specializing in different products and services.

The group’s strength lies in devotion to meet our promises of delivery, uncompromising attitude for quality, and cherished relationship with customers, employees and all social groups.
----------
Our Vision

"To become leading Bangladeshi conglomerate in global arena operating responsibly and sustainably for making a better society"

--

Our Mission

"Blending world class technology, innovation and local entrepreneurship to provide hygiene, health and excellence to consumers "

----------

Our Core Values -

1. Innovation
2. Quality
3. Productivity
4. Accountability
5. Integrity
6. Teamwork

----------

citygroup.com.bd

18/11/2023

Shastho AI & Zaynaxhealth

18/11/2023

About Us:

City Group is one of Bangladesh’s leading conglomerates and trusted consumer goods manufacturers. With 50 years of business legacy, the group has grown substantially over the period in value creation and production. At present there are 40 sister concerns, each specializing in different products and services.

The group’s strength lies in devotion to meet our promises of delivery, uncompromising attitude for quality, and cherished relationship with customers, employees and all social groups.
----------
Our Vision

"To become leading Bangladeshi conglomerate in global arena operating responsibly and sustainably for making a better society"

--

Our Mission

"Blending world class technology, innovation and local entrepreneurship to provide hygiene, health and excellence to consumers "

----------

Our Core Values -

1. Innovation
2. Quality
3. Productivity
4. Accountability
5. Integrity
6. Teamwork

----------

citygroup.com.bd