Niloy Cement to buy clinker from Niloy Clinkerisation

Niloy Cement Industries Ltd yesterday signed an agreement with Niloy Cement Clinkerisation Industries Ltd to purchase all its clinker, the basic raw material for producing cement.
The deal between the companies, which are concerns of Nitol-Niloy Group, will remain valid for the next five years.
Under the deal, Niloy Cement Clinkerisation will supply around 200 tonnes of clinker, the total daily production of the company, to Niloy Cement.
Anwar Hossain, finance director of Nitol-Niloy Group, and Md Khalequzzaman, project director of Niloy Cement Clinkerisation Industries, signed the agreement.
Mushtaq Uddin Ahmad, executive chairman of Board of Investment (BoI), was the chief guest at the signing ceremony, while Abdul Matlub Ahmad, chairman of Nitol-Niloy Group, Santi Ranjan Sarkar, deputy general manger of Pubali Bank, Qazi Abdur Razzaque, executive vice president of Premier Bank Ltd, and KM Zahid Uddin, chief executive officer of Niloy Cement Clinkerisation Industries, were present.
The BoI chief said the country's cement industry may be allowed bonded facilities to facilitate exports if there is no legal barriers.
Abdul Matlub Ahmad urged the BoI to encourage more investment in the clinker industry so that cement production in the country can get a boost.
Nitol-Niloy Group is setting up another clinkerisation plant in Jessore with an estimated production capacity of 400 tonnes a day.