Cement News tagged under: Bangladesh
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... |
Crown Cement appoints new CEO27 September 2019, Published under Cement NewsCrown Cement Group of Bangladesh has appointed Mukter Hossain Talukder as its new chief executive officer (CEO). Mr Talukder was previously the group's chief operating officer. Talukder also served Aman Group, Rangs Group and Social Marketing Company in key positions. He obtained a master's degree on accounting and information science from the University of Dhaka. He is also a fellow chartered accountant of The Institute of Chartered Accountants of Bangladesh. |
UltraTech Cement26 September 2019, Published under Cement NewsUltraTech Cement, part of the Aditya Birla Group, is close to finalising the deal to sell its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd. The price of the stake has reportedly been set at US$32.1m. UltraTech first produced cement in Bangladesh following Aditya Birla’s acquisition of ETA Star Cement in 2010, when it bought into ETA’s Bangladeshi subsidiary, Emirates Cement, which operates a 0.5Mta grinding plant in Dhaka. HeidelbergCement Bangladesh Ltd has two ... |
Vessel laden with clinker arrested in Bangladesh26 September 2019, Published under Cement NewsA foreign vessel laden with clinker was arrested in Bangladesh yesterday. No details immediately are available for the vessel's arrest. According to Chittagong Port Authority (CPA), the foreign flag bulk carrier 'Costas L' has been arrested as per orders of the local High Court dated 23 September 2019 in a litigation case at outer anchorage of Chittagong port. The ship was carrying 42,629t of clinker for the cement industry, arrived from Singapore at the port, on 8 September and was a... |