The Publicly listed company made the official disclosure in a post on its website. HeidelbergCement Bangladesh Limited is a sister concern of Germany-based multinational company Heidelberg Cement. The company meets about 10% of the domestic demand for cement from two plants, located in Dhaka and Chittagong. The principal activity of the company is manufacturing and marketing of gray cement under the brand name of “Ruby Cement” and “Scan Cement”. In last year, the board of directors of HeidelbergCement Bangladesh approved the acquisition of 100% stake of Emirates Cement Bangladesh and Emirates Power from UltraTech Cement Middle East Investments Limited.

Source: Dhaka Tribune April 26, 2020 15:45 UTC