MI Cement Factory Ltd

MI Cement Factory reopened its investment plan worth BDT 7.70 billion to set up a sixth production line at its factory in Munshiganj, Bangladesh, adding 8,280 tpd to capacity.

MI Cement Factory Ltd plans to raise foreign currency loans from HSBC and Standard Chartered Bank to finance a $70 million sixth line at its West Mukterpur site in Munshiganj, Bangladesh, adding 8,400 tpd of grinding capacity. Commercial production is scheduled for January 2021.

MI Cement Factory Ltd will set up its sixth cement unit in Muktagachha, Munshiganj, Bangladesh, at a cost of BDT6 billion (US$71.54m). The new line will have a capacity of 8,400 tpd and is expected to enter commercial operation by 2021, raising total capacity to 19,400 tpd.