Cement News tagged under: Bangladesh
Vietnamese export volumes rise 11% in the 7M2018 August 2020, Published under Cement NewsVietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic... |
VRM to Crown operations18 August 2020, Published under Cement NewsWhen Crown Cement identified the need to increase the cement capacity of its plant in Bangladesh it opted for vertical roller mill (VRM) technology from Loesche. With a range of VRM benefits, total grinding capacity has increased to 11,000tpd and has offered more product versality with local operating conditions in mind. By Masud Khan, Crown Cement Group, Bangladesh. Crown Cement saw several rounds of capacity upgrades with the latest such project starting in 2017 Vertical rolle... |
Bangladesh's raw material imports decline 13%11 August 2020, Published under Cement NewsThe value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin... |
Cement export from Bangladesh begins in July10 August 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$0.53m in July 2020, the first month of FY20-21, compared to US$0.66m bagged in July 2019. The weak start at the beginning of the new fiscal year reflects the fall in exports by 20 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). The export value for cement decreased by 37 per cent, underperforming when compared wit... |
Bangladesh: overcoming industry pressures20 July 2020, Published under Cement NewsCement demand in Bangladesh has been growing fast and potential is strong. However, in 2019 producers faced a number of setbacks, added to which now is the COVID-19 impact. By EBL Securities Ltd, Bangladesh. Although a booming sector with great potential, a number of challenges remain for the cement producers in Bangladesh From unfavourable tax measures to escalating raw material prices, intensified competition, price wars, the weakening taka (BDT), slowing demand and increas... |
Cement exports from Bangladesh record a 12% fall in FY19-2008 July 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$9.14m in the FY19-20 (July 2019-June 2020), compared to US$10.41m bagged in 12MFY18-19, a significant contraction of 12.2 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). The export value for cement decreased by -13 per cent, underperforming when compared with the FY19-20 government target.The EPB had set a lower export target f... |
BCIC and EDII to build cement plant in Bangladesh01 July 2020, Published under Cement NewsBangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated Cement Co Ltd. The new plant will have a clinker capacity of 12,000tpd and a cement capacity of 3000tpd, based on the supply of limestone from Meghalaya, India. In addition to producing cement from its own clinker, the plant will also supply 4Mta of clinker to grinding units in Bangladesh. The project is expected t... |
Bashundhara Industrial Complex secures land for bagging factory30 June 2020, Published under Cement NewsBangladesh’s Bashundhara Industrial Complex has signed an agreement for 16 acres of land, located 1km away from Mongla port and another 20km away from the site of a proposed airport in Bagerhat. The company intends to use the land for the construction of a factory that will produce cement bags for its two cement plants. |
Crown Cement cuts employee salaries24 June 2020, Published under Cement NewsBangladesh-based Crown Cement has decided to reduce the salaries and other benefits of its employees by 20.5 per cent as it attributes an unprecedented loss in the current financial year to the coronavirus pandemic. However, the employees in the sales department of the company will see a 4.4 per cent increase in their salaries, according to an anonymous official of the cement company as reported in the Daily Sun newspaper. He also said that the cement industry has started to feel the imp... |
BCMA calls for withdrawal of import tax19 June 2020, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) has called for the withdrawal of a non-adjustable advance income tax (AIT), which is applied at both the import and supply stage, according to The Financial Express. "So far we know this non-adjustable tax is not applicable for any other sectors. I also do not know whether such type of tax is realised in other countries," said BCMA president, Alamgir Kabir. Currently, local manufacturers pay three per cent tax at the import stage and ... |