Crown Cement PLC is set to expand its maritime logistics capacity with the planned purchase of a second-hand ocean-going mother vessel valued at Tk 147.60 crore, according to a price-sensitive disclosure released today.

The vessel, capable of transporting 53,569 deadweight tonnes, will enhance the company’s ability to move bulk cargo across major international routes.

The investment comes amid a strong financial performance by Crown Cement in Q1 of FY2025–26. Despite increased import duties and higher raw material prices, the company posted improved earnings, driven by robust sales.

Earnings per share surged by 80% year-on-year, reaching Tk 0.45 compared to Tk 0.25 during the same quarter last year. Although the per-unit sales price dipped by 1.59 percent and global raw material costs climbed, higher sales volumes helped cushion the impact.

As of October 31, sponsors and directors held 52.22% of the company’s shares, while public investors accounted for 29.15%. The remaining shares are held by institutions and foreign investors, according to Dhaka Stock Exchange data.

Formerly known as MI Cement Factory Limited, Crown Cement has been a key player in Bangladesh’s cement industry since 1994 and continues to maintain a strong presence in the domestic market.