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Mir Concrete Invests Tk 30 crore in Expanding Production

Industry: Building Material
Company: Mir Concrete Products Ltd
Company Intelligence Tag: Business Insights

Mir Concrete Block has made a substantial investment of over Tk30 crore to enhance its presence in Bangladesh’s thriving concrete brick market, currently valued at approximately Tk120 crore. The company aims to revolutionize the construction industry by promoting modern concrete solutions as an alternative to traditional clay bricks, which still dominate the market.

Around 35,000 crore pieces of clay bricks, equivalent to Tk10,000 crore, are used annually in Bangladesh. Their goal is to capture this market by expanding their production capacity. They recently launched their second manufacturing unit, increasing daily production to 1.6 lakh pieces.

The company has invested Tk20 crore in infrastructure and $1.05 million in machinery for the new unit. Their long-term vision includes establishing concrete brick factories in every division of the country, with plans to set up two more factories by 2025. Mir Concrete Block focuses on quality and sustainability, with a goal to reduce carbon emissions by 2025.

 

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