As demand rises, Bangladesh firm plans new mill
Bangladesh Chemical Industries Corp (BCIC), a unit of Bangladesh Ministry of Industries, is implementing a new cement mill project as the company converts its wet-process line at Chhatak Cement Company Ltd (CCCL) to a dry-process one. The project is estimated to take three years to complete through international tenders.
The factory is located in the district of Sunamgonj in north-eastern Bangladesh and uses imported limestone from Meghalaya, India. The plant currently has clinker and cement capacities of 1,500 tpd and 500 tpd, respectively.
Meanwhile, according to a leading research house, the rising demand of construction and resurgent real estate has helped the Bangladeshi cement sector flourish. Domestic demand growth has accelerated from five to eight per cent over the last three-four years, boosted by the industrial and construction sectors.
In the run-up to 2020, demand is forecast to grow by more than 20 per cent as the government is undertaking a large number of mega projects in addition to the country's rapid industrialisation and turnaround of the domestic real estate sector, it is estimated.