Confidence Cement plans expansion, Bangladesh

Bangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016.

During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year.

Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capacity of 0.48Mta in Chittagong. It also holds stakes in Energypac Confidence Power Venture Ltd (50 per cent), Confidence Power Ltd (25 per cent) and Confidence Electric Ltd (49 per cent).