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Crown Cement Procures Fly Ash from Matarbari Plant

Industry: Building Material, Cement, Energy & Power, Power
Company: Crown Cement PLC.
Company Intelligence Tag: Business Insights

Crown Cement PLC, a leading player in the cement industry, is set to enhance its production stability by procuring fly ash from the Matarbari 2×600 MW Ultra Super Critical Coal Fired Power Plant. The company aims to establish a joint venture consortium agreement with the power plant, as revealed by Crown Cement’s company secretary. This move aligns with their strategy to leverage fly ash as a raw material for cement production, reducing import reliance and transportation expenses. While specifics about the agreement’s timeline and volume of fly ash remain undisclosed, the collaboration is projected to yield substantial foreign exchange savings for Crown. Furthermore, the company intends to secure an adjacent 245-decimal land, valued at Tk 14.7 crore, for diverse purposes like vehicle parking and material storage, as indicated on the Dhaka Stock Exchange platform.

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