Aygaz United LPG Ltd., established in 2021, is a joint venture that unites the expertise of Aygaz, Turkey's leading LPG provider, and United Group, one of Bangladesh's largest business conglomerates. Together, they are transforming the LPG market in Bangladesh, delivering unmatched reliability, safety, and innovation under the Aygaz United brand.
Aygaz is part of Koç Holding, one of Turkey's largest and most established corporations. Founded in 1926, Koç Holding operates across numerous sectors, including industry, energy, automotive, consumer goods, finance, and retail. As a Fortune Global 500 company, Koç Holding contributes 9% to Turkey's GDP and for 7% of the country's total exports. With around 100,000 employees, the group plays a pivotal role both in Turkey and globally. Aygaz, founded in 1961, has led Turkey's LPG sector for decades, providing LPG solutions to 81 cities with a network of 4,000 dealers across the cylinder gas and autogas sectors.
United Group, the Bangladeshi partner in this joint venture, is a well-established industrial and commercial power- house. Founded in 1978, United Group operates in various sectors, including energy, infrastructure, healthcare, educa- tion, construction, real estate, maritime, and IT. The group is a key player in Bangladesh's energy and healthcare sectors, with United Hospital Limited being a leading institution in healthcare.
Aygaz United's journey began with the opening of the mother terminal in Anwara, Chattogram, Bangladesh's largest onshore LPG storage facility, boasting a capacity of 16,000 MT. This facility has the highest draft in the country, capable of accommodating medium-sized gas carriers. Further expansion is underway with a satellite terminal in Rupganj, Dhaka, with 3000 metric ton storage capacity, which will be operational by the end of 2024 and a third terminal in Mongla is in the planning.
Aygaz United being the fastest growing LPG company in the industry, aims to become the leading LPG company in the market, with a strong focus on safety and quality. The company is making a difference not only by prioritizing customer satisfaction but also by shaping the market. Aygaz United has introduced innovative strategies in Bangladesh, such as cylinder information cards, a cylinder tracking barcode system, and shrink covers to enhance safety. Additionally, the Regulator & Hose Campaign, offering European-standard safety equipment at affordable prices, emphasizes the company's commitment to consumer safety. To further promote safety awareness, the company conducts educational campaigns via television and social media.
Aygaz United places great importance on its relationships with distributors and retailers, who are the key touchpoints with consumers. As part of its commitment to employee and partner well-being, Aygaz United offers health insurance to employees, distributors, and retailers through a partnership with Green Delta Insurance Company.
In addition to its commercial goals, Aygaz United is dedicated to social responsibility. The company is leading an "Information-Raising Campaign" to educate the public about the safe use and industrial applications of LPG, recognizing that LPG is a versa- tile and sustainable fuel option for Bangladesh. Through this campaign, Aygaz United is working to ensure that society is well-informed about the benefits and safe usage of LPG.
