Senior executives from Türkiye's Koç Group visit Dhaka to strengthen business ties in the region.
Türkiye's leading investment holding company, Koç Holding, has reaffirmed its commitment to Bangladesh through a high-profile visit from senior executives of Koç Holding, Beko and Aygaz. The delegation included Mr. Levent Çakıroğlu, CEO of Koç Holding; Dr. Fatih Kemal Ebiçlioğlu, President of Consumer Durables Group at Koç Holding; Mr. Yağız Eyüboğlu, President of Energy Group at Koç Holding; Mr. Melih Poyraz, General Manager of Aygaz; Mr. Can Dinçer, Chief Commercial Officer for Türkiye and South Asia at Beko; Mr. Akın Garzanlı, Chief Marketing Officer at Beko; Mr. Fatih Özkadı, Chief Sustainability, Quality, and Customer Care Officer at Beko; and Mr. Zafer Üstüner, Chief Commercial Officer for Asia-Pacific at Beko. Hosted by senior executives of Singer Bangladesh Ltd., a subsidiary of Beko - flagship of Koc Group in consumer durables industry, alongside United Aygaz LPG, a joint venture between United Enterprises and Aygaz - Koç Group's leading company in energy sector, the visit underscores Koç Group's long-term vision for Bangladesh and its commitment to deepening business ties in the region.
Emphasizing Bangladesh's promising growth potential in the different sectors, Levent Çakıroğlu, CEO of Koç Holding said: "At Koç Group, our guiding princi- ples remain centered on consistency, creating value for our stakeholders, expanding, and diversifying our global reach, and customer-centric innovation. We are deeply committed to shaping the industries of the future around the world. Over the past five years, we have invested over $14 billion globally on a combined basis, driven by our focus on sustainable growth, technological advancement, and long-term prosperity.Bangladesh, along with the wider South Asia region, holds strategic importance for us as a growing market for local manufacturing, R&D, as well as a potential export hub, given its dynamic consumer durables and energy sectors. Our commitment to Bangladesh remains steadfast, and we will continue to drive growth, enhance operations, and contribute to the country's industrial and economic development in the years ahead."
During the visit, the delegation toured the newly inaugurated Singer Bangladesh Limited - Home Appliances Plant, a significant milestone in Koç Holding's presence in Bangladesh highlighting the group's dedication to innovation, operational excellence, and long-term value creation. The executives also visited United Aygaz LPG, which plays a vital role in expanding access to clean and efficient energy solutions in Bangladesh.
Highlighting Bangladesh's thriving consumer goods industry, fueled by rapid urbanization and economic expansion Dr. Fatih Kemal Ebiçlioğlu, President of Consumer Durables Group at Koç Holding said: "Since entering Bangladesh, our goal has not only been to expand our business but also to contribute meaningfully to the socio-economic development of the country. Through the acquisition of Singer Bangladesh Limited, we have successfully combined Beko's global expertise with Singer's 120-year legacy, deep local insights, and extensive distribution network with an aim to elevate the consumer durables industry and improve the lives of Bangladeshi consumers. This synergy has strengthened our retail presence, enhanced employee experiences, and advanced our manufacturing capabilities. Since 2019, we have invested $146 million in Singer Bangladesh, including our latest $78 million factory investment creating up to 4,000 job opportunities, reaffirming our long-term commitment to the country. Our vision is to establish Singer as the leading consumer durables brand in Bangladesh. Moving forward, we will continue to drive industrial development, elevate customer experience with our world-class retail expertise, and foster economic growth for the industry."
Koç Group remains committed to driving innovation, enhancing local expertise, and delivering high-quality products and services that contribute to the prosperity of Bangladesh as the Group continues to expand its footprint. Koç Holding aims to play a pivotal role in the country's economic transformation through strategic partnerships and long-term investments, reinforcing its position as a trusted and valued partner in Bangladesh's development journey.
The Managing Director & CEO of Singer Bangladesh Limited Mr. M.H.M. Fairoz said, "Singer is the pioneer in the consumer durables business in Bangladesh and one of the largest retailers in Bangladesh. Keeping customer centricity at the core of our operations, Singer Bangladesh is transforming its business to bring Beko's globally recognized standards to Bangladeshi consumers. We are now at the peak of our transformation journey, which is enabled by the exceptional transformations in production, retail experience and working space. The retail transformation will roll-out to all consumer touchpoints across the country and all Bangladeshi consumers will have unprecedented and immersive retail experience. We are also improving our aftersales service, talent development, IT support and more to improve the overall performance of Singer Bangladesh. With the vision to make Singer Bangladesh one of the top brands in the country, we reaffirm our commitment to innovation, sustainability, and enhancing the lives of our customers with superior products and services."
Koç Group's operations play a pivotal role in strengthening the economic relations between Türkiye and Bangladesh, which bound by shared values and mutual respect. Bilateral trade between the two countries exceeded $1.3 billion in 2024. Both Türkiye and Bangladesh are fully committed to further enhancing this collaboration, with the ambitious goal of increasing bilateral trade to $2 billion in the near future.
