The publicly listed cement manufacturer Crown Cement PLC has announced a major investment as part of its plan to expand operations and reduce raw material transportation costs.

The company intends to purchase a second-hand oceangoing mother vessel a large cargo ship at a cost of Tk147.60 crore.

According to the price-sensitive information published on Thursday (27 November), the vessel has a capacity of 53,569 deadweight tons (DWT). A mother vessel is a large cargo ship that transports substantial volumes of raw materials or containers along major international maritime routes. With the acquisition of this vessel, Crown Cement expects to significantly reduce the cost of importing raw materials.

The announcement comes at a time when Crown Cement has reported strong financial performance in the July–September quarter of the 2025 -26 fiscal year. Despite rising import duties and increasing raw material prices, the company’s profit grew due to higher sales volume.

According to its financial report, the company’s earnings per share (EPS) in the quarter rose by 80%, reaching Tk0.45, up from Tk0.25 in the same period last year. Although the unit selling price fell by 1.59% and international raw material prices increased, overall sales growth helped offset these pressures.

Data from the Dhaka Stock Exchange shows that as of 31 October 2025, 52.22% of the company’s total shares are held by sponsors and directors. General investors own 29.15%, while the remaining shares are held by institutional and foreign investors.

It is worth noting that Crown Cement Group, previously known as MI Cement Factory Limited, was established in 1994 and has been supplying cement to the domestic market for more than three decades.