Displaying items by tag: Bank Asia
Bashundhara Group plans 4Mt/yr cement plant in eastern Bangladesh
23 September 2020Bangladesh: Bashundhara Group has taken a loan of US$82.0, which it says will go towards the construction of a 4.0Mt/yr cement plant in eastern Bangladesh for a total investment of US$117m. The Daily Star newspaper has reported that the new plant will produce cement primarily for export to northeast India. Bashundhara Group’s two cement plants currently have the capacity to produce 5.1Mt/yr of its King Brand cement.
Bank Asia is the lead arranger for the syndicated loan, which it will provide along with Dhaka Bank, First Security Islami Bank, Pubali Bank, Social Islami Bank and United Commercial Bank. Full repayment is due in 2027.
Published in
Global Cement News