Company type | Public |
---|---|
DSE: MJLBD | |
Industry | Fuel & Power |
Founded | 1998Dhaka, Bangladesh | in
Headquarters | Mobil House, Gulshan Avenue, Dhaka , Bangladesh |
Area served | Bangladesh |
Key people | Azam J Chowdhury ( Managing Director) |
Products | |
Revenue | US$250 million (2019) |
US$14 million (2019) | |
Subsidiaries | |
Website |
mjlbl |
MJL Bangladesh PLC ( Bengali: এমজেএল বাংলাদেশ লিমিটেড) ( DSE: MJLBD, [3] CSE: MJLBD [4]) widely known as Mobil Bangladesh, formerly known as Mobil Jamuna Lubricants Limited, is a company that is jointly owned by Jamuna Oil Company, a subsidiary of government-owned Bangladesh Petroleum Corporation and EC Securities Limited, a subsidiary of East Coast Group. [5] Azam J Chowdhury is the Managing Director of the MJL Bangladesh Limited. [6] M. Mukul Hossain is the Chief Executive Officer of the company. [7] It markets products of ExxonMobil as the strategic alliance partner of the company in Bangladesh. [8] [9]
MJL Bangladesh Limited was established as Mobil Jamuna Lubricants Limited in 1998 by Jamuna Oil Company, a subsidiary of the state owned Bangladesh Petroleum Corporation and Mobil Corporation. The company was founded at the initiative of Mobil. In 2003, a Lube Oil Blending Plant was established by the company; which was the first lube oil factory in Bangladesh. The base oil to blend lubricant products in the factory comes directly from ExxonMobil. [10] ExxonMobil disinvested from the company in 2003 that made EC Securities Limited the largest shareholder of the company. [11]
In 2010, MJL Bangladesh Limited entered into the stock market by issuing IPO worth 4.60 billion taka on Dhaka Stock Exchange; setting a record for the second largest IPO in Bangladesh. [12]
In 2013, MJL Bangladesh Limited signed an agreement with AKT Petroleum Ltd to launch a joint venture in Myanmar to market Mobil branded lubricant's in the country. [11] The company owns Omera LPG which sells liquefied petroleum gas for domestic consumption. [13] In 2017, the company gave 45 percent cash dividend to its shareholders. It's profit in 2017 was 1.9 billion taka. [14] In 2018 profits rose by 14 percent for the company. [15]
In 2020, sales of the company declined for the first time in three years. [16]
Omera Petroleum Limited is a subsidiary of MJL Bangladesh Limited. Omera Petroleum Limited manufactures and distributes liquefied petroleum gas (LPG) in Bangladesh. [2]
Omera Cylinders Limited manufactures cylinders and works as a backward integration company. [2]
MJL & AKT Petroleum Company Limited is a joint venture between MJL Bangladesh Limited and AKT Petroleum Limited that markets Mobil lubricants in Myanmar. [11]
Company type | Public |
---|---|
DSE: MJLBD | |
Industry | Fuel & Power |
Founded | 1998Dhaka, Bangladesh | in
Headquarters | Mobil House, Gulshan Avenue, Dhaka , Bangladesh |
Area served | Bangladesh |
Key people | Azam J Chowdhury ( Managing Director) |
Products | |
Revenue | US$250 million (2019) |
US$14 million (2019) | |
Subsidiaries | |
Website |
mjlbl |
MJL Bangladesh PLC ( Bengali: এমজেএল বাংলাদেশ লিমিটেড) ( DSE: MJLBD, [3] CSE: MJLBD [4]) widely known as Mobil Bangladesh, formerly known as Mobil Jamuna Lubricants Limited, is a company that is jointly owned by Jamuna Oil Company, a subsidiary of government-owned Bangladesh Petroleum Corporation and EC Securities Limited, a subsidiary of East Coast Group. [5] Azam J Chowdhury is the Managing Director of the MJL Bangladesh Limited. [6] M. Mukul Hossain is the Chief Executive Officer of the company. [7] It markets products of ExxonMobil as the strategic alliance partner of the company in Bangladesh. [8] [9]
MJL Bangladesh Limited was established as Mobil Jamuna Lubricants Limited in 1998 by Jamuna Oil Company, a subsidiary of the state owned Bangladesh Petroleum Corporation and Mobil Corporation. The company was founded at the initiative of Mobil. In 2003, a Lube Oil Blending Plant was established by the company; which was the first lube oil factory in Bangladesh. The base oil to blend lubricant products in the factory comes directly from ExxonMobil. [10] ExxonMobil disinvested from the company in 2003 that made EC Securities Limited the largest shareholder of the company. [11]
In 2010, MJL Bangladesh Limited entered into the stock market by issuing IPO worth 4.60 billion taka on Dhaka Stock Exchange; setting a record for the second largest IPO in Bangladesh. [12]
In 2013, MJL Bangladesh Limited signed an agreement with AKT Petroleum Ltd to launch a joint venture in Myanmar to market Mobil branded lubricant's in the country. [11] The company owns Omera LPG which sells liquefied petroleum gas for domestic consumption. [13] In 2017, the company gave 45 percent cash dividend to its shareholders. It's profit in 2017 was 1.9 billion taka. [14] In 2018 profits rose by 14 percent for the company. [15]
In 2020, sales of the company declined for the first time in three years. [16]
Omera Petroleum Limited is a subsidiary of MJL Bangladesh Limited. Omera Petroleum Limited manufactures and distributes liquefied petroleum gas (LPG) in Bangladesh. [2]
Omera Cylinders Limited manufactures cylinders and works as a backward integration company. [2]
MJL & AKT Petroleum Company Limited is a joint venture between MJL Bangladesh Limited and AKT Petroleum Limited that markets Mobil lubricants in Myanmar. [11]