The renovation of Chhatak Cement Company Limited will begin next month at a cost of Tk five crore.
The renovation work includes replacement of ropeway and repairing of ropeway trestle and an eight-megawatt turbine power plant.
The work will start in the second week of October and likely to be completed in 20 to 22 days.
"The company, named as Assam Bengal Cement Company when it was established in 1937, came under Bangladesh Chemical Industries Corporation on July 1 in 1982," said Nazmul Haq, acting managing director of the company.
Indian limestone, a particular kind of clay of Chhatak, TSP complex, and gypsum collected from Chittagong, is used in the cement manufacturing factory.
The annual production capacity of the factory is now 2.33 lakh tonnes, which was 1.25 tonnes in 1987, and 60,000 tonnes in 1941.
The factory produced 1.8 lakh tonnes of cement in 2007-08 fiscal year. The output reached 1.40 lakh tonnes in 2008-09 through utilisation of 75 percent of its total production capacity.
The factory imported 1.3 lakh tonnes of limestone from India against its annual demand for 1.75 lakh tonnes.