Cement News tagged under: Bangladesh
Bangladesh updates plan for coal/bulk terminal07 January 2020, Published under Cement NewsPayra Port Authority (PPA), under the Bangladeshi Ministry of Shipping, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, as a public-private partnership project. Through a new announcement, the port authority has re-invited the expertise of international experts or consortiums to participate in proposed project. The successful bidders will design, build, finance, operate and maintain the coal/bulk terminal and transfer it to Payra Port Authority, based on the te... |
Work starts to salvage Bangladesh clinker vessel06 January 2020, Published under Cement NewsThe Bangladesh authorities have started the salvage operation of a partly capsized clinker-laden cargo vessel called Md Dudu Mia-1, in Kirtankhola river, in the country earlier this week. According to some media reports, a 25-member team started removing the clinker from the capsized cargo Md Dudu Mia-1. The cargo sunk in Kirtankhola river, near Barishal Port, after it collided with Dhaka-bound passenger launch MV Shahrukh-2, which was travelling from Barguna on 14 December 2019. After the ... |
HeidelbergCement Bangladesh seeks court approval for amalgamation02 January 2020, Published under Cement NewsHeidelbergCement Bangladesh Ltd has updated Dhaka Stock Exchange last week about seeking court approval for amalgamation with Meghna Energy Ltd. The company's notification says, "Refer to their earlier news disseminated by DSE on 18.07.2018 regarding amalgamation with Meghna Energy Ltd; the company has further informed that they have jointly presented an application under Sections 228 and 229 of the Companies Act, 1994, being Company Matter No 308 of 2019 seeking sanction of the Honourable ... |
Bangladesh cuts AIT to 3%24 December 2019, Published under Cement NewsBangladesh’s government has reduced the rate of advance income tax (AIT) on the import of cement raw materials from five to three per cent, according to The Financial Express. The National Board of Revenue issued a statutory regulatory order following a demand by cement producers, who had demanded a full waiver of AIT. "The cut reflects that the government has realised the problem of the sector," Bangladesh Cement Manufacturers Association (BCMA) President, Mohammed Alamgir Kabir, said i... |
Booming Bangladesh13 December 2019, Published under Cement NewsThis week, CemNet reported that MI Cement Factory in Bangladesh expects the domestic cement sector to grow by 10 per cent in 2019 and should also reach double-digit growth in 2020. The country is embarking on some major infrastructure projects, especially around Dhaka and Chittagong, which will drive up consumption in the medium term. With the country's urbanisation at 37 per cent and per capita consumption only around 164kg – only just more than neighbouring Myanmar (141kg) but lower... |
Imports into Bangladesh fall in FY20-1909 December 2019, Published under Cement NewsImports of clinker and cement into Bangladesh fell from US$776m in FY17-18 to US$643m, according to the FY18-19 Financial Survey, released by the country's Ministry of Finance. However, the latest financial year's figures are likely to be revised after receipt of the final import data. Imports have shown a mixed trend in the last five years. They fell from US$638m in FY14-15 to US$574m the following year but picked up in FY16-17 to US$644m. Cement producers in Bangladesh import clinker... |
Cement export from Bangladesh falls in 5MFY19-2006 December 2019, Published under Cement NewsBangladesh's cement industry has earned an export revenue of US$4.08m during July-November 2019, compared to US$4.92m earned in same period last year. This translates a fall of 17.1 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 fell 2.2 per cent below the target of US$4.17m, set by the government for first five months of FY19-20. The EPB had set an expor... |
BCMA requests the removal of non-adjustable income tax02 December 2019, Published under Cement NewsThe leaders of the Bangladesh Cement Manufacturers Association (BCMA) have requested the waiver of an eight per cent non-adjustable advance income tax (AIT) imposed on imported raw materials and the supply of products, according to The Financial Express. "The gross profit of the cement manufacturing industry declined compared to previous years. It will be a question of survival if the eight per cent AIT is not waived," said Mohammed Alamgir Kabir, the president of the BCMA. Mr Kabir st... |
Metrocem appoint new Chief Marketing Officer27 November 2019, Published under Cement NewsKhandker Ataur Rahman Rifat has joined as group chief marketing officer (CMO) of Metrocem of Bangladesh. According to company updates, he has 25 years of experience in the cement industry. Mr Rifat previously worked as a key figure in Aman Cement Mills Ltd as CMO (July, 2016 to November, 2019), Holcim Cement as GM (January, 2015 to April, 2016), Unique Cement Ltd as Sr GM (2003 to 2014), Cemex Cement (BD) Ltd as ASM (November, 2000 to October, 2003) and Hyundai Cement Ltd (February, 1995-... |
Premier Cement's two new plants ready for trial operation18 November 2019, Published under Cement NewsBangladesh-based Premier Cement is on track to complete its expansion plans by March 2020. The project was first announced in 2017 on the back of a forecast surge in demand for 2021. "We have constructed two more units in Narayanganj and Chattogram involving BDT13bn (US$153.5m)," said Mohammed Amirul Haque, managing director, to The Daily Star. The unit in Narayanganj represents an investment of INR8bn and the Chattogram facility claims the remainder. Both of the projects are currently rea... |