Cement News tagged under: Bangladesh
Exports help Saudi cement sales rise 7% in December17 January 2019, Published under Cement NewsCement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital. Clinker inventory increased 18.8 per cent YoY and 0.8 per cent MoM to 42.34Mt last month, but cement dispatches were down 10 per cent YoY. The plant utilisation rate in the Saudi cement sector fell to 54.1 per cent in December, compared to 62.4 per cent in the same period last year. Hail and Southern Cement record... |
Bangladesh: robust and stable16 January 2019, Published under Cement NewsLarge-scale infrastructure, growing urbanisation and strong foreign direct investment are fuelling rising cement demand in Bangladesh. But will it be enough to utilise production capacity as new plants come on-stream and existing works are upgraded and modernised? Bashundhara Cement’s Mongla plant has a production capacity of 2.65Mta, which, along with its 2.4Mta works in Madangonj, makes the company one of the largest producers in Bangladesh Bangladesh’s aspirations to becom... |
Bashundhara Group to supply major infrastructure projects14 January 2019, Published under Cement NewsBangladesh's Bashundhara Group has been selected as the cement supplier for the country's first Metro Rail project and the construction of Kalna Bridge over Madhumati River in Gopalganj. Abdul Monem Ltd is the contractor for both projects. Bashundhara will provide 150,000t of cement for the Metro Rail project and 50,000t for the 690m-long Kalna Bridge. "Bashundhara and Abdul Monem Group are like members of a family. I wish every success of the projects," said Sayem Sobhan Anvir, managing ... |
Chhatak Cement plans modernisation project09 January 2019, Published under Cement NewsBangladesh's Chhatak Cement Co Ltd has announced plans to modernise its facility and convert it from wet process to dry process. The company has begun to prepare a development project proposal, with a schedule to implement the upgrades by 2021. According to company officials, Chhatak Cement has incurred an accumulated loss of over BDT3.63bn (US$43.25m) between FY13-14 and FY17-18 mainly due to its outdated machinery resulting in loss of production capacity. The plant is currently operating... |
Bangladesh: finding ways to make profits07 January 2019, Published under Cement NewsICR's January 2019 issue starts the year with a market report on the Bangladeshi cement market. The country has just recorded its highest cement sales in 2018 at 33Mt, while cement demand grew by an impressive 12 per cent YoY, according to MD Shahidullah, vice president of the Bangladesh Cement Manufacturers Association. However, with 43.5Mta of capacity available from more than 32 cement producers in 2017, the industry is still burdened with low utilisation rates and growing overcapaci... |
Bangladesh: finding ways to make profits04 January 2019, Published under Cement NewsICR's January 2019 issue starts the year with a market report on the Bangladeshi cement market. The country has just recorded its highest cement sales in 2018 at 33Mt, while cement demand grew by an impressive 12 per cent YoY, according to MD Shahidullah, vice president of the Bangladesh Cement Manufacturers Association. However, with 43.5Mta of capacity available from more than 32 cement producers in 2017, the industry is still burdened with low utilisation rates and growing overcapaci... |
Confidence Cement re-elects managing director31 December 2018, Published under Cement NewsBangladesh’s Confidence Cement Ltd announced a 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the year ended 30 June, 2018 . Furthermore , Zahir Uddin Ahmed was re-elected as managing director of the company for a period of three years with effect from 1 February 2018. Rupam Kishor Barua and Salman Karim, directors who retire by rotation, were also re-elected. |
MI Cement sees 33% revenue rise in FY17-1817 December 2018, Published under Cement NewsBangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising administrative costs of selling and distribution. "The cost of goods sold (COGS) has increased by 39.... |
Cement exports from Bangladesh fall in 5MFY18-1907 December 2018, Published under Cement NewsDuring the first five months of FY18-19 (July-Nov 2018), Bangladesh's cement industry recorded a -2.8 per cent contraction in export revenue to US$4.92m compared to US$5.06m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. Bangladesh's government has set an export target of US$14m for cement industry for the FY18-19 (July 2018-June 2018), against US$12.59m from last... |
LafargeHolcim Bangladesh amalgamates subsidiary06 December 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside... |