Confidence Cement plans new Palash plant

Confidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka.

Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors.

The Company has also informed that the Board of Directors have agreed to invest in the new Power Plant Projects located at Bogra (226MW), Rangpur (113MW) and Chittagong (54.36MW) under Confidence Power Holdings Ltd. Confidence Cement ltd has 41 per cent shareholding in Confidence Power Holdings Ltd.

Meanwhile, company has also made changes on top level. Its Board of Directors has appointed Engr. Rezaul Karim as the Chairman for a period of five years, Mr Rupam Kishore Barua and Mr Imran Karim as Vice Chairman for a period of 5 years and Mr. Zahir Uddin Ahmed as the Managing Director for a period of three years of the Company with effect from 1 February 2018.
 
The company is the first private sector cement manufacturing company in Bangladesh, established in 1994 with a single 0.75Mta grinding plant in Shitakunda, Bangladesh.