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HeidelbergCement to add capacity in Bangladesh

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World Cement,

HeidelbergCement is to invest in additional capacity in Bangladesh. In a release to the Dhaka Stock Exchange, the company said it would set up a portland composite cement (PCC) grinding mill at its Kanchpur plant, near Dhaka.

The new grinding mill will have a capacity of 0.472 million tpy of cement at a cost of just over BDT925.3 million (US$11.2 million). It will be funded from the company’s existing reserves.

The company has an existing capacity in the country of 2.4 million tpy.

The German company accounts for around 13% of the country’s demand from its plants in Dhaka and Chittagong. It entered the market in 1998 and offers two brands of PCC in the country: ScanCement and RubyCement.

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