UltraTech Cement Ltd (Aditya Birla group) is in the final stages of selling its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd.

Emirates Cement operates a 0.5Mta grinding plant in Mukterpur, Bangladesh. UltraTech has proposed selling its share holding in Emirates Cement at BDT17.09 (US$0.20)/share setting the total sales value stake in Emirates Cement at BDT2710m (US$32.1m).

HeidelbergCement Bangladesh Ltd  currently operates two grinding plants in the country at Kanchpur and Chittagong. The Kanchpur plant is undergoing an expansion project.

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