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.
Read the article online at: https://www.worldcement.com/indian-subcontinent/12102017/heidelbergcement-to-add-capacity-in-bangladesh/