Crown Cement PLC is set to become the country’s fourth-largest cement manufacturer by expanding its annual production capacity by 40%. With the establishment of its sixth manufacturing facility, the company will invest approximately Tk 764 crore, partly sourced from local and foreign banks. A syndicated loan facility of Tk 25 crore was arranged by Eastern Bank Limited (EBL), with participation from the State Bank of India, Bank Asia Limited, and Dhaka Bank Limited.
The expansion aims to meet the rising demand for cement in Bangladesh and increase exports to neighboring Indian states. Crown Cement’s chairman, stated that the new facility, located next to the existing Muktarpur factory, will produce 8,500 tonnes of cement per day. The total production capacity of Crown Cement PLC will reach around 19,500 tonnes per day, resulting in an estimated annual production capacity of 4.62 million tonnes, up from the current 3.3 million tonnes.
The company is utilizing modern equipment, mainly from Germany, adhering to environmentally friendly manufacturing processes and ensuring the production of high-quality cement. Commercial production is expected to commence in November of 2023 following the completion of equipment setup.