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News Chhatak Cement to spend US$106m on upgrade

Chhatak Cement to spend US$106m on upgrade

Written by Global Cement staff 09 January 2019
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Bangladesh: Chhatak Cement plans to spend US$106m on building a new dry production line at its plant near Dhaka. The project is scheduled to be completed by 2021, according to the Financial Express newspaper. The subsidiary of the Bangladesh Chemical Industries Corporation (BCIC) plans to finance the upgrade with a US$63m loan from the government. The plant is currently using equipment that is up to 80 years old. At present it has a production capacity of 70,000t/yr despite upgrades in the 1980s and 2000.

Last modified on 09 January 2019
Published in Global Cement News
Tagged under
  • Bangladesh
  • Chhatak Cement
  • Plant
  • Upgrade
  • Bangladesh Chemical Industries Corporation
  • Government
  • Loan
  • GCW386
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