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Cemex starts production early next year

World's largest cement co comes to Bangladesh

Star Business Report
The world's largest cement company. Cemex, will go into production in Bangladesh in February next year.
The company held the formal ground-breaking ceremony of its factory at Madanganj in Narayanganj yesterday. Chairman of the Board of Investment (BOI) Mokammel Haque laid the foundation stone of the factory’.
Cemex Europe and Asia Director Jose Luis de Miera, Cemex Indonesia President Francisco Noriega and local member of parliament SM Akram were present among others In the function.
BOI Chairman Mokammel Haque said Cemex came to Bangladesh as a result of the government's liberal economic policy.
Cemex Europe and Asia Director Jose Luis Saenz de Miera said this new factory will generate employment for 500 people and it will produce 500.000 tonnes of cement a year.
At the initial stage. CEMEX is going to market the cement
that is will import from its foreign plants. So they are investing heavily to build a manufacturing facility In Madanganj. Narayanganj.
CEMEX was founded in 1906 with the name Cementos Hidalgo in northern Mexico, near Monterry.
The company established a nation presence with the installation of new kilns at its Merida added 500,000. tons of new capacity. In 1976, the company turned into a public limited company. Later this year. CEMEX began exporting cement and clinker. The acquisition of Cementos Guadalajara's three plants made the company Mexico's market leader.
CEMEX strengthened its global position in 1992 when it acquired Valencian and Sanson. Spain's two largest cement producer, with 36 million metric tons of capacity. In course of time CEMEX entered into Venezuela. USA. Panama. Dominican Republic, etc.
During 1998 and early 1999,
CEMEX expanded Its Southeast Aslan foothold by purchasing a 20 per cent interest of Indonesia's largest cement producer. PT Semen Gresik. CEMEX also consolidated its Philippine presence by buying an additional 40 per cent economic Interest in Rizal and 99.9 per cent economic interest In APO cement corporation. In 1999 CEMEX entered into the Bangladesh market.
CEMEX has a variety of products. Hydraulic cement is the most common type of cement which is used in construction projects ranging from small to medium-sized private construction to-massive public construction. Portland cement is the most frequently used hydraulic cement, composed of approximately 95 per cent clinker and 5 per cent gypsum. There are five different types of Portland cements, which are different, in uses. CEMEX also has a wide range of building materials like blended cement, masonry cement, white cement, ready mix concrete etc.