British American Tobacco to Invest Heavily in BATBC

British American Tobacco to Invest Heavily in BABTC

The largest cigarette-manufacturing company, British American Tobacco has invested 574 crores in its Bangladeshi subsidiary British American Tobacco Bangladesh Company (BATBC). The company having production facilities in 180 countries around the world also has an operational plant in Savar. Foreseeing its vast upcoming export opportunities, the parent company British American Tobacco decided to invest this huge amount to increase the production facilities. 

According to a report by The Daily Star, Sheikh Shabab Ahmed, head of external affairs at BATBC, “With an eye on future exports, the board has approved an investment of about Tk 574 crore to expand the Savar factory’s production capacity further.”

After this decision was made public, stocks of BATBC rose 0.65 percent to Tk 584 at the Dhaka Stock Exchange. They are a listed company on the Dhaka Stock Exchange and Chittagong Stock Exchange stock index. The cigarette-manufacturing company invested Tk 514 crore in the same factory in 2021 to increase its production capacity. According to the company’s annual report in the same year, the company’s net turnover rose 24 percent to Tk 7,487 crore, up from Tk 6,029 crore the previous year.

Sheikh Shabab Ahmed also said, “We believe with the improved capacity we will be equipped for any future demand,” 

BATBC has cigarette factories in Dhaka and Savar, a green leaf threshing plant in Kushtia, a green leaf re-drying plant in Manikganj, and several leaf and sales offices. Even during the COVID-19 pandemic, BATBC ensured shipments of export orders for tobacco leaves to customers across 17 overseas destinations in 2021. Benson and hedges, Dunhill, Pilot, Star, and Gold Leaf, are among their popular cigarette brands. 

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