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Orion Group bought the state owned Kohinoor Chemical Company (Bangladesh) Limited, a deal made possible by the close friendship of the group chairman with Prime Minister Khaleda Zia, in 1993. [11] At the time, Kohinoor was listed on the stock exchange and making a profit. [ 11 ]
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Orion Group was established in 1985 as a pharmaceutical company. [8] Orion Pharmaceuticals is listed on the Dhaka Stock Exchange. [9]Orion Group bought the state owned Kohinoor Chemical Company (BD) Ltd, a deal made possible by the close friendship of the group chairman with Prime Minister Khaleda Zia, in 1993. [5]
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In 2006, Kallol Group bought local detergent brand Jet and Kohinoor Detergent factory. [5] [9] The group signed an agreement with Nestle Malaysia through Kallol Distributions Limited to distribute its products in Bangladesh. [10] In 2007, the Group became a franchisee of World of Titan. [11] The Time Zone stores have 52 locations in Bangladesh ...
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Karim acquired two profitable state-owned enterprises (Kohinoor Chemical Industries and Mala Chemical Industries a.k.a. Orion Infusions) in the 1990s. In 1996, before the stock market collapsed later in the year, Orion announced large dividends and bonuses for their shareholders, pushing up their stock prices.