Cement News tagged under: Bangladesh
Bengal Cement signs agreement with Hyundai Development Co18 November 2019, Published under Cement NewsBangladeshi cement producer Bengal Cement Ltd signed an agreement with Hyundai Development Co to supply cement for the US$63m “Super-Specialised Hospital under BMSMMU” project of Bangabandhu Sheikh Mujib Medical University, Shahbag. The 700-bed hospital will be completed on a 53,000m 2 site and provide the largest medical service system in Bangladesh. Bengal Cement Ltd, part of the Bengal Group of Industries, operates a 1.4Mta cement plant at Baradi, Sonargaon. |
Cement export from Bangladesh continues to slide in 4MFY19-2015 November 2019, Published under Cement NewsAccording to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned an export revenue of US$3.18m between July and October 2019-20 compared to US$3.94m earned in same period last year. This translates a fall of 19.3 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 3.9 per cent below the target of US$3.31, set by the government for first four months of FY19-20. The EPB had se... |
Heidelberg Cement Bangladesh announces acquisition of ECBL & EPCL13 November 2019, Published under Cement NewsHeidelberg Cement Bangladesh Ltd has informed the Dhaka Stock Exchange that the company's Board of Directors has approved the acquisition of 100 per cent of the shareholding of Emirates Cement Bangladesh Ltd (a private company limited by shares incorporated in Bangladesh and engaged in cement production) and Emirates Power Co Ltd (a private company limited by shares incorporated in Bangladesh and engaged in generating and supplying electricity) from UltraTech Cement Middle East Investments L... |
MI Cement announces formation of the three subsidiary companies13 November 2019, Published under Cement NewsMI Cement Factory Ltd, manufacturer of cement in Bangladesh has informed that the Board of Directors of the company has approved formation of the three subsidiary companies fully owned by MI Cement Factory Ltd namely, Ocean Voyager Shipping Lines Ltd, Ocean Victory Shipping Lines Ltd and Ocean Vision Shipping Lines Ltd. According to a notification of MI Cement Factory Ltd to the Dhaka Stock Exchange, the Board of Directors of thecompany has also approved transfer of the three motor vessel... |
UltraTech Cement looks to divest Bangladesh asset06 November 2019, Published under Cement NewsIndia's UltraTech Cement has stated that its plan to divest non-core assets in China, the UAE and Europe, is progressing well. It has also announced that it is looking to exit the Bangladesh market. "We are also exploring opportunities to exit Bangladesh, where we have a small grinding unit of 0.6Mt. All the proceeds from these asset disposals will help bring down our leverage position further," said Atul Daga, CFO, following the company's 2Q earning announcement. The Bangladeshi unit i... |
Crown Cement Group to supply road project04 November 2019, Published under Cement NewsBangladesh’s Crown Cement Group has signed an agreement with China Construction Seventh Engineering Division Corp Ltd, which will see the cement manufacturer supply cement to the South Asia Sub-regional Economic Cooperation (SASEC) Road Connectivity Project-II. The SASEC Road Connectivity Project-II is an initiative to upgrade around 190km of road from Elenga, Tangail District, to Rangpur to a four-lane highway. The project is expected to improve accessibility between the capital and 16 nor... |
Cement companies announce dividends in Bangladesh28 October 2019, Published under Cement NewsTwo companies, out of seven listed cement companies in the Dhaka Stock Exchange (DSE) of Bangladesh, have announced cash dividends, subject to approval in the scheduled annual general meeting of each companies later this year. According to DSE, the Board of Directors of Confidence Cement Ltd, have recommended a 15 per cent cash and 15 per cent stock dividend for the year ended on 30 June 2019. The AGM is expected to be held on 22 December 2019. Confidence Cement has also informed that bonus... |
Premier Cement Mills Ltd has new CEO14 October 2019, Published under Cement NewsTarique Kamal has recently joined Premier Cement Mills Ltd of Bangadesh as chief operating officer (COO) effective from 1 October 2019. He was previously head of sales and distribution at Arla Foods Bangladesh, according to a company statement. He also worked at British American Tobacco Bangladesh. He obtained his bachelor's and master's degrees from the Institute of Business Administration under the University of Dhaka. Premier Cement Mills Ltd started its commercial production on 12 M... |
Cement prices fall in Bangladesh11 October 2019, Published under Cement NewsKey building materials such as cement and steel rods have recorded a price decline in Bangladesh over the last three months on the back of sluggish demand, according to local traders. The demand for construction work has been negatively impacted by the monsoon season. As such, the price of cement has fallen by BDT40-50/50kg bag (US$0.47-0.59/50kg bag) when compared to prices in July. "Each 50kg bag of cement is now selling at between BDT420 and BDT460, depending on the brands," said Kh... |
Cement export from Bangladesh shrinks08 October 2019, Published under Cement NewsAccording to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year. This translates a fall of 25.2 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 5.2 per cent below the target of US$2.5m, set by the government for first three months of FY19-20. The EPB has set an export tar... |