Bangladesh Chemical Industries Corporation

What Bangladesh Chemical Industries Corporation does

Bangladesh Chemical Industries Corporation (BCIC) is a statutory state-owned corporation under the Ministry of Industries of the Government of Bangladesh, headquartered at BCIC Building 30-31, Dilkusha in Dhaka. Established in 1976, BCIC functions as the holding and operating parent for a portfolio of wholly-owned fertilizer and chemical manufacturing subsidiaries and a network of joint ventures. Its primary mandate is to ensure adequate national supply of fertilizers (Urea, TSP, DAP) and selected industrial chemicals as inputs to Bangladesh's agricultural sector and broader food security policy.

The corporation's operating footprint comprises seven wholly-owned fertilizer plants — Ghorashal Palash Fertilizer PLC, Chittagong Urea Fertilizer, Jamuna Fertilizer, Ashuganj Fertilizer and Chemical, Shahjalal Fertilizer, TSP Complex (Bangladesh's only phosphate fertilizer plant), and DAP Fertilizer — with combined annual nameplate capacity of approximately 2.86 million metric tons. Five additional manufacturing subsidiaries operate in cement, glass sheet, insulator/sanitaryware, hardboard, and paper. BCIC also holds minority equity in ten joint ventures spanning fertilizers (KAFCO 43.15%), agro-chemicals (Bayer CropScience 40%, Syngenta 40%), pharmaceuticals (Synovia 19.96%, Novartis 40%), cement (Saudi Bangla 40%), packaging (Miracle Industries 20%), and other categories, two of which are discontinued. Two training/educational institutions (TICI and BCIC College) round out the group. Distribution is executed through a domestic network of buffer godowns, with offices in Chittagong and Bogra.

BCIC's revenue model is product sales of fertilizers and chemicals under government-regulated pricing, with the agricultural sector as the dominant customer segment. Revenue is not publicly disclosed; the entity operates as a state enterprise rather than a market-priced commercial business. Governance is exercised through a Chairman appointed by the government (currently Md. Fazlur Rahman, since May 2025) under the supervision of the Ministry of Industries. The corporation also runs an ICT Lab and Medical Center for internal workforce use. Notable recent corporate actions include the 2021 merger forming GPFPLC and the 2025 leadership transition, while several JVs remain discontinued or only partially operational.

Name

Bangladesh Chemical Industries Corporation

Legal name

Bangladesh Chemical Industries Corporation

Website

https://bcic.gov.bd

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

101–250 employees

Short description

Bangladesh Chemical Industries Corporation (BCIC) is a state-owned statutory corporation under Bangladesh's Ministry of Industries that operates seven fertilizer plants and five other manufacturing subsidiaries supplying Urea, TSP, DAP, cement, glass, paper, and related products to the national agricultural and industrial sectors under government-regulated pricing.

Ownership category

akta.pro rank

Product category

Fertilizer Manufacturing

NAICS

Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Chemical Manufacturing (325)

SIC

Chemicals & Allied Products (2800), Miscellaneous Chemical Products (2890)

akta.pro industry

PRIMARYIMAEAAAC

Chlor-Alkali & Derivatives

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Basic & Commodity Chemicals

Keywords

• Fertilizer manufacturing
• Urea production
• Phosphate fertilizer
• Chemical manufacturing
• Agro-chemicals supply

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Fertilizer and Chemical Sales: BCIC generates revenue through the production and sale of various fertilizers (Urea, TSP, DAP) and chemical products manufactured by its subsidiary factories across Bangladesh.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bangladesh Chemical Industries Corporation (BCIC) is a state-owned statutory corporation that produces and distributes fertilizers (Urea, TSP, DAP) and other manufactured chemical/industrial products (cement, glass sheets, sanitaryware, paper, hardboard) through its wholly-owned subsidiary factories across Bangladesh. It also holds equity stakes in joint venture companies producing fertilizers, pharmaceuticals, agro-chemicals, and packaging products.

Product overview

Bangladesh Chemical Industries Corporation (BCIC) is a government-owned corporation under the Ministry of Industries managing a portfolio of fertilizer plants, chemical factories, and other manufacturing enterprises. The organization operates through seven subsidiary fertilizer plants (Ghorashal Palash Fertilizer PLC, Chittagong Urea Fertilizer, Jamuna Fertilizer, Ashuganj Fertilizer and Chemical, Shahjalal Fertilizer, TSP Complex, and DAP Fertilizer), five other manufacturing subsidiaries (Chattak Cement, Usmania Glass Sheet, Bangladesh Insulator and Sanitaryware, Khulna Hardboard Mills, and Karnaphuli Paper Mills), ten joint venture companies in fertilizers, pharmaceuticals, agro-chemicals, cement and packaging sectors, plus two training/educational institutions (TICI and BCIC College). BCIC manages a network of fertilizer buffer warehouses across Bangladesh for fertilizer storage and distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• Urea Fertilizer Nitrogen-based Urea fertilizer manufactured by multiple BCIC subsidiary plants (CUFL, JFCL, AFCCL, SFCL, GPFPLC) for distribution to the agricultural sector across Bangladesh.
• TSP (Triple Superphosphate) Fertilizer Phosphate fertilizer produced by TSP Complex Limited, the only phosphate fertilizer plant in Bangladesh, with 100,000 metric tons annual production capacity, serving agricultural phosphate nutrient demand.
• DAP (Diammonium Phosphate) Fertilizer DAP/NPK fertilizer manufactured by DAP Fertilizer Company Limited (DAPFCL) in Chittagong, with 528,000 metric tons annual capacity, supplied to Bangladesh's agricultural sector.
• Cement Cement manufactured by Chattak Cement Company Limited at its Sunamganj plant with 190,000 metric tons annual capacity for construction and infrastructure use.
• Glass Sheets Glass sheets manufactured by Usmania Glass Sheet Factory Limited in Chittagong, producing 20.10 million square feet annually for construction and industrial use.
• Sanitaryware and Electrical Insulators Sanitaryware and electrical insulators manufactured by Bangladesh Insulator and Sanitaryware Factory Limited (BISFL) in Dhaka for construction, electrical, and plumbing applications.
• Hardboard Hardboard panels manufactured by Khulna Hardboard Mills Limited in Khulna for furniture and construction industry use, with annual capacity of 30 lakh square feet.
• Paper Paper manufactured by Karnaphuli Paper Mills Limited in Chandraghona, Rangamati, with 30,000 metric tons annual capacity for industrial and packaging applications.
• Industrial Training Services Industrial training provided by the Training Institute for Chemical Industries (TICI), delivering modern industrial technology training to newly appointed and working personnel of BCIC industries.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Karnaphuli Fertilizer Company Ltd (Kafco)coreOthersJoint venture enterprise with BCIC holding 43.15% share. Produces Urea fertilizer.
• Synoviita (formerly Sanofi) Bangladesh LtdminorOthersJoint venture enterprise with BCIC holding 19.96% share. Produces pharmaceutical products.
• Bayer CropScience LtdminorOthersJoint venture enterprise with BCIC holding 40.00% share. Produces agro-chemicals.
• Novartis (Bangladesh) LtdminorOthersJoint venture enterprise with BCIC holding 40.00% share. Produces pharmaceuticals and agro-chemicals.
• Syngenta (Bangladesh) LtdminorOthersJoint venture enterprise with BCIC holding 40.00% share. Produces agro-chemicals.
• Dhaka Match Industries Co LtdminorOthersJoint venture with BCIC holding 30.00% share. Operations currently closed. Produced safety matches.
• Bulk Management BD LtdminorOthersJoint venture with BCIC holding 30.00% share. Operations currently closed. Provided packaging and services.
• Miracle Industries LtdminorOthersJoint venture with BCIC holding 20.00% share. Produces poly propylene oven bags and sack craft paper bags.
• Bangladesh Fertilizer and Agro Chemicals LtdminorOthersPartially operational joint venture with BCIC holding 4.29% share. Produces SSP fertilizer.
• Saudi Bangla Integrated Cement Company LtdminorOthersRegistered joint venture with BCIC holding 40.00% share. Produces cement and clinker.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• National Fertilizers Limited (NFL India): NFL is an Indian government PSU (public sector undertaking) under the Ministry of Chemicals and Fertilizers, manufacturing urea and other fertilizers at multiple plants across India. Its structure as a state-owned fertilizer producer operating multiple plants is highly comparable to BCIC.
• Indian Farmers Fertiliser Cooperative (IFFCO): IFFCO is India's largest fertilizer cooperative, manufacturing urea, DAP, NPK, and complex fertilizers through multiple plants. It is the closest direct peer to BCIC given the similar large-scale, domestically-oriented, government-affiliated fertilizer production model serving a South Asian agricultural market.
• Krishak Bharati Cooperative (KRIBHCO): KRIBHCO is an Indian farmer cooperative manufacturing urea, ammonia, and complex fertilizers. Its cooperative structure serving South Asian agricultural markets and government-aligned operations make it highly comparable to BCIC's mission-driven fertilizer production.
• Fauji Fertilizer Company (Pakistan): Fauji Fertilizer is one of Pakistan's largest urea and DAP/NPK fertilizer manufacturers, partly state-affiliated (Fauji Foundation). Its regional South Asian positioning, multi-plant fertilizer production, and government-linked ownership make it a strong regional peer to BCIC.
• PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo): PVFCCo is Vietnam's state-owned fertilizer producer manufacturing urea, NPK, and chemicals. Its state-owned structure, single dominant national market focus, and chemical diversification make it a comparable state-affiliated fertilizer peer.
• Rashtriya Chemicals and Fertilizers (RCF India): RCF is an Indian government PSU manufacturing urea, complex fertilizers, and basic chemicals (including industrial chemicals and methanol). The chemical diversification beyond fertilizers is directly comparable to BCIC's diversified manufacturing portfolio.

Broad incumbents

• OCP Group (Morocco): OCP is the world's largest phosphate fertilizer producer and a Moroccan state-owned enterprise. While far larger and globally focused, its state-owned status and dominance in phosphate (a BCIC core product via TSPCL) make it a relevant broad incumbent peer.
• SABIC (Saudi Basic Industries Corporation): SABIC is one of the world's largest state-owned chemical companies, producing fertilizers (urea, ammonia), petrochemicals, and specialty chemicals. As a state-owned chemicals giant with fertilizer exposure, it represents a broader incumbent comparable to BCIC's diversified chemical model.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Bangladesh Chemical Industries Corporation