Bangladesh Chemical Industries
Corporation (BCIC) is the largest one amongst the Public
Sector Corporations in Bangladesh. It came into being in
July, 1976 by merger of the erstwhile three Corporations
viz : Bangladesh Fertilizer, Chemical & Pharmaceutical
Corporation, Bangladesh Paper and Board Corporation and
Bangladesh Tanneries Corporation through the
Presidential Order-27 (Bangladesh Industrial Enterprises
Nationalisation Order-27 of 1972). Initially, BCIC
started functioning with 88 enterprises inherited from
the then three Corporations. During last 29 years of its
management, 6(six) industries were newly established by
the Corporation and more 3(Three) industries were handed
over to BCIC by the Government. On the other hand as per
disinvestment policy of the Govt. Out of the said 97
enterprises , 62 were disinvested by sale of Govt.
shares, 7 enterprises were handed over to ex-private
owners and 7 enterprises were handed over to Sena Kalyan
Sangstha.
Later on, two enterprises such as Dhaka Leather Company
Ltd. and Kohinoor Battery Manufacturers Ltd were closed
on 28-9-1998 and 1-7-1999 respectively and all the
manpower were paid off and enlisted for privatisation.