Cement News tagged under: Bangladesh
Bangladesh cement producers seek extension to loan moratorium30 December 2020, Published under Cement NewsCement makers in Bangladesh have pleaded for a loan moratorium until the end of June 2021. If extended, the industry, as well as the economy, could strongly recover from the pandemic's fallout, said the letter dated December 22 from the Bangladesh Cement Manufacturers Association (BCMA) to the Bangladesh Bank (BB). The request to extend the ongoing moratorium period on the payment of loan instalments by another six months would cushion the cement producers as they fight the economic fallo... |
BCMA expects market pick-up in 1Q2124 December 2020, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) expects cement demand to resume growth by the 1Q21. Between January-August 2020 the cement sector contracted by 7.7 per cent as the impact of the coronavirus was felt throughout the economy. “Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). In the first five months of 2020, cement sales fell by 13 per... |
Mega construction projects boost Bangladesh's cement demand11 December 2020, Published under Cement NewsThe long-awaited Padma Bridge is nearing its completion after the final span of the 'dream bridge' was installed almost six years after the construction work began in Bangladesh. The bridge’s construction and five other megaprojects have stimulated growth in the country’s construction and cement industry. The Director of Brand Marketing of Abdul Khair Group, Naushad Chowdhury, and the Director of Operations of Shah Cement Industries Ltd, Hafiz Sikander, have announced that the Shah C... |
Cement export revenue falls during 5MFY20-21 in Bangladesh07 December 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. The export value for cement decreased by 28.4 per cent, underperforming when compared with the government target set for the period. ... |
LafargeHolcim launch water-resistant cement in Bangladesh30 November 2020, Published under Cement NewsLafargeHolcim Bangladesh has launched its Holcim Water project, a customised solution of water-resistant cement for the local cement market. The specially-designed cement reduces capillary action by resisting the permeation of water to make the product damp and seepage resistant. "This product has been developed through continuous consumer engagement, research and understanding of the damaging impact of water on houses," said Rajesh Surana, CEO of LafargeHolcim Bangladesh. |
Clinker handling resumes in Bangladesh23 October 2020, Published under Cement NewsHandling of imported clinker and other raw materials for cement industry resumed at the ports of Chittagong and Mongla, Bangladesh, following the withdrawal of indefinite strike by workers of goods-carrying river vessels on Thursday. This was announced after the vessel owners assured them of giving food allowance, as they demanded during a meeting with State Minister for Labour and Employment, Begum Monnujan Sufian, at the secretariat on the evening of 22 October. Around 200,000... |
Bangladesh suspends unloading of imported clinker22 October 2020, Published under Cement NewsThe unloading of imported clinker and other commodities in Chittagong and Mongla ports in Bangladesh remains suspended due to an indefinite strike called by Water Transport Workers for the last two days. As a result, offloading from 20 foreign vessels laden with 0.91Mt of clinker, one vessel with 55,000t of gypsum and four ships with 224,598t of limestone at Chittagong Port is being delayed. At Mongla Port two ships were laden with clinker, one each with slag and coal cargoes are waiti... |
LafargeHolcim Bangladesh posts 3% increase in net sales16 October 2020, Published under Cement NewsLafargeHolcim Bangladesh recorded a three per cent rise in net sales during the third quarter of this year, increasing to BDT3.655bn (US$43.09m) from BDT3.558bn in the 3Q19. "Our efforts on health, cost and cash have ensured that we stay focused during the crisis while our fast progress on digital helped us being effective in the market place" said Rajesh Kumar Surana, CEO and country representative. Profit after tax advanced 71 per cent to BDT654m for the 3Q20, compared to BDT381m in ... |
Premier Cement sets date for production at new units14 October 2020, Published under Cement NewsBangladesh’s Premier Cement is yet to begin production at two of its new manufacturing units despite being fully-prepared in March, as a few key foreign experts and employees could not return to Bangladesh due to the COVID-19 pandemic. "We could not start production within the stipulated time due to the absence of some technical experts and workers from China and Denmark," said Mohammed Amirul Haque, managing director. After operating on a trial basis for a month, the units were schedu... |
MI Cement Factory postpones expansion plan12 October 2020, Published under Cement NewsThe MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m... |