Lafarge Surma Cement Ltd. (LSC) was incorporated on 11 November 1997 as a private limited company in Bangladesh under the Companies Act 1994 having its registered office in Dhaka. On 20 January 2003 Lafarge Surma Cement Ltd. was made into a public limited company. The Company is listed in Dhaka and Chittagong Stock Exchange. Today, Lafarge Surma Cement Ltd. has more than 20,000 shareholders.
In November 2000, the two Governments of India and Bangladesh signed a historic agreement through exchange of letters in order to support this unique cross border commercial venture and till date it is the only cross border industrial venture between the two countries. Since Bangladesh does not have any commercial deposit of limestone, the agreement provides for uninterrupted supply of limestone to the cement plant at Chhatak in Bangladesh by a 17 km long belt conveyor from the quarry located in the state of Meghalaya. The company in Bangladesh, Lafarge Surma Cement Ltd. wholly owns a subsidiary company Lafarge Umiam Mining Private Ltd. (LUMPL) being registered in India, which operates its quarry at Nongtrai in Meghalaya.
This commercial venture with an investment of USD 280 million, which is one of the largest foreign investments in Bangladesh, has been financed by Lafarge of France, world leader in building materials, Cementos Molins of Spain, leading Bangladeshi business houses together with International Finance Corporation (IFC – The World Bank Group), the Asian Development Bank (ADB), German Development Bank (DEG), European Investment Bank (EIB), and the Netherlands Development Finance Company (FMO).
Lafarge Group, with 176 years of experience, holds world’s top-ranking position in Cement, Aggregates, Concrete and Gypsum. It operates in 64 countries with around 68,000 employees. Lafarge is named as one of the 100 Most Sustainable Companies in the World.
Cementos Molins of Spain, with 75 years of experience, also operates in Mexico, Argentina, Uruguay, and Tunisia.
Now, after three years of production operations, we are producing world class clinker and cement which is a demonstration of the sophisticated and state-of-the-art machineries and processes of our plant at Chhatak. The Company is already meeting about 8% of the total market need for cement and 10% of total clinker requirements of Bangladesh market whereas we continue to enjoy strong growth rates. By supplying clinker to other cement producers in the market, we contribute some USD 50~60 million per annum worth of foreign currency savings for the country. We contribute around BDT 1 (one) billion per annum as government revenue to the national exchequer of Bangladesh. About 5,000 people depend on our business directly or indirectly for their livelihood.
We believe that cement is an essential material that addresses vital needs of the construction sector. We are optimistic to meet the growing needs for housing and infrastructure in the construction sector of Bangladesh.
We strongly believe that business is a priority but social welfare is a responsibility. This is a key for sustainable development. Thus, we have undertaken wide ranging community development activities around our plant at Chhatak and our quarry in Meghalaya.
One of the focus areas for our CSR initiatives is Healthcare. We have so far undertaken a number of initiatives in this regard. We have provided sanitation wares to two hundred (200) families in remote villages near the plant at Chhatak. We have also provided arsenic filters to all the project affected families to ensure access to safe drinking water.
There is also a qualified physician and a nurse available everyday to provide free medical assistance in a medical clinic at the Community Development Centre at Chhatak which has brought tremendous relief to the Projected Affected People (PAPs). They now have access to primary health-care that includes consultation and medicinal support. Satellite...