Bashundhara Group will soon set up two giant cement manufacturing plants to meet the growing demand of the item, one of the key backward linkages of the construction and real estate sectors.
The proposed plants will be commissioned at Madanganj in Narayanganj near Dhaka and at Mongla Port Industrial Area in Khulna with projected combined production capacity of more than 12,000tpd.
Globally renowned cement, lime, gypsum and ceramic plant builder "Gebr Pfeiffer AG" of Germany and its Indian partner Gebr Pfeiffer (India) Private Limited is providing technical supports for the proposed projects.
A contract of technical cooperation and commissioning of the plants was signed among the Gebr Pfeiffer AG Germany, Gebr Pfeiffer (India) Private Limited and the Bashundhara Group Thursday.
The plants will be the largest and finest of its kind in the country mainly in terms of production capacity, plant technicalities and qualitative output.
More than five thousand direct and thirty thousand indirect employments will be created when the plants go on full-swing production after the trial run in June next year.
King Brand cement of the Meghna Cement Mills Limited, an enterprise of the Bashundhara Group, has already become one of the top popular brands of cement in the country.
Market insiders said consumption of cement witnessed phenomenal growth in Bangladesh in the recent months as major infrastructure projects like Padma Bridge, Dhaka-Chittagong four-lane highway and Elevated Expressways are in the offing.
Executive board member of the Gebr Pfeiffer Germany Dr Eduard Kulenkamp, president of Gebr Pfeiffer (India) Private Limited DB Nayak and Senior Deputy Managing Director of Bashundhara Group Mr Belayet Hossain signed the contract on behalf of their respective entities.