Modern Cement second unit starts operation

Modern Cement second unit starts operation
Published: 18 January 2005

Modern Cement Ltd (MCL), a Bang;ladeshi grinding operation, yesterday launched operation of its second grinding unit catering 600t of cement daily to the huge market demand. With the launching of this second unit, the production capacity of the company reaches a total of 700 tonnes per day, said MCL Managing Director Anisur Rahman while speaking at the inauguration of the second unit located on the banks of the Meghna, 40 km from Dhaka. The first unit with a 100tpd capacity will now be taken out of service temporarily for upgrade work.

Modern Cement is utilising proceeds of Tk10 crore raised through initial public offering (IPO) in January 2002 for the installation of its second unit. Referring to future plans, Rahman said operations of the company will be brought under full computerised system.

Housing and Public Works Minister Mirza Abbas inaugurated the operation of the unit. The function was also attended, among others, by Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Awal Mintoo, Mohammad Abdul Hai MP and founder president of Bangladesh Cement Manufacturers Association AKM Muhit Uddin. MCL was incorporated under the Companies Act, 1994 on October 1, 2000, as a Public Limited Company. However, MCL was launched in 1992, the first-ever private sector cement company in Bangladesh which was inaugurated by then prime minister Khaleda Zia.