Bangladesh cement makers poised for expansion
Plans for the expansion of the Bangladesh cement industry are underway, thanks to the government’s move to materialise its huge plan of building big infrastructure projects such as Padma Bridge, elevated expressway and other road projects.
The Daily Star reports that the industry has been growing at 10-12 per cent for the past several years, except for 2007 when demand for this construction material was at its lowest.
“We expect cement consumption to grow by at least 15 per cent in the next several years on rising demand for infrastructure projects,” said Mostofa Kamal, president of Bangladesh Cement Manufacturers Association, and owner of Meghna Group that manufactures Fresh brand cement.
Heidelberg (Bangladesh) that makes Scan and Ruby brands, MI Cement Factory that makes Crown brand and Bashundhara Group, the manufacturer of King brand, have also decided to raise its capacity to have a bigger share of the growing market.
Meghna Group is going to raise its capacity by 4,000tpd to take production to 11,000t.
Heidelberg is likely to increase its capacity by 2000tpd and Bashundhara 1000t, while MI Cement plans to double its existing 3000tpd, according to officials of the companies.
Some other big companies are taking a ’wait-and-see’ approach to observe how the government moves to carry out its development works.
Published under Cement News
