Cement News tagged under: Bangladesh
Shah Cement distributes food items to construction workers and families14 April 2020, Published under Cement NewsShah Cement Industries Ltd of Bangladesh has taken an initiative to provide food items and handwash to construction workers and their families considering that many workers have become jobless during the coronavirus situation, says a press release. The cement company had selected 80 points across the country to distribute the items and since 30 March, a total of 10,000 construction workers have gotten the benefit under the supervision of Shah Cement officials and its distributors of respect... |
Offloading of clinker continues at Chittagong Port in Bangladesh10 April 2020, Published under Cement NewsOffloading of imported raw materials for the cement industry continues at the Chittagong Port of Bangladesh (CPA), even as the port suffers container storage congestion. According to the CPA, 22 vessels are currently at outer anchorage at the port, each laden with more than 45,000t to 50,000t of clinker, while seven of them are unloading cargoes and able to work without interruption. Vessel crew are being checked as per health and safety guidelines set by the port authorities. The other ... |
Trading of cement scripts still suspended in Bangladesh07 April 2020, Published under Cement NewsThe trading of seven leading cement firms' scripts in two stock exchanges of Bangladesh are suspended due to measures taken by the Dhaka government to stop the spread of coronavirus across the country. No trading was held from 26 March in shares of Aramit Cement Ltd, Confidence Cement Ltd, HeidelbergCement Bangladesh Ltd, LafargeHolcim Bangladesh Ltd, Meghna Cement Mills Ltd, MI Cement Factory Ltd and Premier Cement Mills Ltd. The Bangladesh's two bourses, Dhaka Stock Exchange (DSE) and ... |
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
Measures to stop COVID-19 spread expected to impact Bangladeshi cement industry26 March 2020, Published under Cement NewsThe Bangladeshi cement industry is likely to be affected by the measures taken by government to halt the spread of the coronavirus in the country. All passenger trains and vessel departures, except cargo trains and ships, have been suspended for an indefinate period. In addition, the government announced a 10-day general holiday from 26 March until 4 April as well as a relief package. Bangladeshi Prime Minister, Sheikh Hasina, announced a BDT50bn incentive package for export-oriented indu... |
Clinker imports into Bangladesh up 4%23 March 2020, Published under Cement NewsThe import of clinker into Bangladesh has increased by 3.6 per cent in the first seven months of the FY19-20, according to data released by the Central Bank of Bangladesh. Clinker volumes to a value of US$554.8m were imported during this period, a significant increase when compared with 7MFY18-19 when the value of clinker imports reached US$535.3m. Total imports declined by 4.4 per cent YoY to US$34.58bn between July 2019 and January 2020. The fall is due to a number of factors, including... |
Detained vessel allowed to sail from Bangladesh, as no coronavirus found16 March 2020, Published under Cement NewsThe Bangladeshi port authority Mongla Port did not find any symptoms of COVID-19 in the crew of the bulk carrier Serenitas N, which later off-loaded imported coal at birth and sailed on 15 March, say Bangladesh shipping industry sources. On arrival in the first week of March the vessel carrying the flag of the Marshall Islands had suspended off-loading of imported coal at Mongla, due to suspicion of the coronavirus affecting the crew. The vessel was detained when three sailors of vessel h... |
Cement exports from Bangladesh continue to slide in 8MFY19-2011 March 2020, Published under Cement NewsBangladesh's cement industry has earned an export revenue of US$7.19m in the 8MFY19-20 (July 2019-February 2020), compared to US$7.27m earned in 8MFY18-19, a minor contraction of 1.1 per cent YoY. The export figure also includes a small amount of salt, stone and related products, according to the data of Bangladesh Export Promotion Bureau (EPB). However, the export value for cement increased by 3.6 per cent above the 8MFY19-20 government target of US$6.94m during this export period. The EP... |
Bangladesh suspends coal discharge in fear of coronavirus10 March 2020, Published under Cement NewsBangladesh has suspended offloading of imported coal from a foreign flag vessel due to suspicion of coronavirus in crew, at Mongla port in southern Bangladesh last week. According to theport authority the offloading of coal from bulk carrier Serenitas N was stopped on at berth number H- 3 of Mongla Port on 5 March as three sailors of the vessel were taken into an isolation ward for having a body temperature that exceeded the normal range. The vessel had sailed from the Lianyungang port in... |
LafargeHolcim Bangladesh profits grow in 201909 March 2020, Published under Cement NewsLafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018. This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ... |