History Of Milestone
Mohammad Bhai
Founder Chairman
Olympic Industries PLC. was founded in June 1979 as Bengal Carbide Limited, a battery manufacturer. Since its inception the company has worked in various category of business including ball pen, biscuit, snacks, confectionery etc.
In 1982, the company started to commercially manufacture and distribute UM-3 & UM-4 batteries in Bangladesh market. During that time, batteries were mostly used in remote, clocks, car toys. Olympic grabbed a big chunk of the small battery segment in a small amount of time.
In 1984, Olympic Industries PLC. got enlisted in the Dhaka Stock Exchange Limited as a publicly trading company to earn capital investment from broader segment. It was named Bengal Food Limited to focus production in the food category with a different business name.
Bengal Foods Limited later introduced a soyabean oil brand named TRIPTI. The oil brand started to be commercially marketed in 1987.
Bengal Foods Limited later changed its name to Olympic Industries Limited in 1996 and stepped in the food business in its original name.
In 1996, Olympic Industries PLC. enlisted its name in the CTG Stock exchange to publicly trade and raise capitals. It also started to manufacture biscuit and confectionery items in commercial level with the raised capital.
In 1998, the company entered the Ball Pen Industry under the brand name OLYMPIC BALL PEN with variety in assortments. Olympic Fine Pen, Soft Gel, Super Gel are well known pen brands under the Olympic umbrella brand.
Olympic Industries PLC. has recently earned the International Organization for Standardization (ISO) 22000 certification on 2014 based on its compliance with international standards of food safety, production and packaging. The certificate was delivered at Olympic Industries PLC.’s office on April 10.
Upon the approval of the board of directors, Olympic Industries PLC. commissioned an additional tunnel oven to increase the annual bakery capacity by 1,800 metric tons.
In May 2018, Olympic successfully commissioned the instant noodles manufacturing line. This line was imported from Japan and has an annual production capacity of 9,000 metric tons. The brand name for the noodles brand is Foodie with single pack, 4 pack, 8 pack family SKUs. OIL has also procured carton manufacturing facility in May 2018, with an estimated annual production capacity of 66.00 million cartons.
In February 2022, Olympic commissioned a new cracker and hard dough biscuit line with a capacity of 12,442 metric tonnes per year.
Olympic Industries PLC. achieved a significant milestone with the acquisition of a state-of-the-art multi-colour cookie production line, with an annual production capacity by 9,048 tonnes.