Bangladeshi manufacturers entered into Forbes list
Published : Saturday, 5 December, 2020 at 3:17 PM Count : 249
Three Bangladeshi manufacturers, that is Square Pharmaceutical Company Limited (founded in 1958), Renata (1972) and Fortune Shoes (2010) have entered into the greatly desired Forbes ranking list of under US$ 1.0 billion company for 2020 for Asia and the Pacific region.
Forbes is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of The World's Most Powerful People, and The World's Billionaires.
The annual list named “Forbes Asia and the Pacific best under one billion list this year--2020” recognises 200 top-performing small and medium companies in the Asia-Pacific region with sales under US$1.0 billion.
The Forbes list said Square Pharmaceutical Company of Bangladesh, involved in drug and chemical business, has sales volume worth $512 million.
The local pharma’s market capital is $1.7 billion. Its net income is $150 million and has employed 9,234 people.
About another Pharmaceutical Company Renata: the sales of Renata are $271 million. Its market capital is $1.1 billion. The company’s net income is $45 million and it is employing 7,324 people.
Fortune Shoes is comparatively newly formed company in Bangladesh, involved in shoe making business. It has sales worth $18 million. Its net income is $3.0 million while the market capital is $28 million and the company has employed 1,723 people.