Cement News tagged under: Bangladesh
Bangladesh cement revenue continues to surge10 July 2018, Published under Cement NewsA growth of 17 per cent was recorded by Bangladesh's cement industry in export revenues during FY17-18 (July 2017-June 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$12.59m during FY17-18, compared to US$10.79m earned in the year-ago corresponding months. This represent a growth of over 16.68 per cent in exports YoY. The export figure also includes a minor amount of salt, stone and related products, but the country... |
New Bangladesh budget offers big projects for cement industry08 June 2018, Published under Cement NewsAMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of 7.4 per cent for fiscal 2017-18." Mr Muhith also announced provision of loans to the public for ... |
Siam City Cement becomes regional market leader07 June 2018, Published under Cement NewsSiam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i... |
Bangladesh cement exports rise by 24% in 11MFY17-1807 June 2018, Published under Cement NewsBangladesh's cement industry export revenues saw a growth of 24.01 per cent during the first 11 months of FY17-18 (July 2017-May 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$11.88m during the 11MFY17-18, compared to US$9.58m earned in the year-ago corresponding months. This represent a growth of over 24 per cent in exports YoY with India being the main destination for cement exports. The export figure also incl... |
Meghna Group joins WCA31 May 2018, Published under Cement NewsThe World Cement Association (WCA) welcomes Meghna Group of Industries, Unique Cement Industries Ltd, to its international membership. The company is one of Bangladesh's biggest conglomerates and will join as a Corporate Member. The association now boasts a network of 66 members and representatives that cover 36 countries. "We are delighted that an important player in the rapidly expanding Bangladeshi cement industry is joining our global network," said Norman Greig, WCA secretary general.... |
Bangladesh demand to grow 8-10%, but overcapacity to persist29 May 2018, Published under Cement NewsBangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2... |
LafargeHolcim replaces 17km-long conveyor15 May 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd has completed the replacement of its 17km-long conveyor belt in an effort to reduce noise emissions. The belt was originally installed in 2004 and connects its limestone mine in India to its plant in Surma, Bangladesh. The replacement project was completed in two phases and finished on 18 April, according to Harpal Singh, project head of operations at the Surma plant. "We have finished the replacement work one day ahead of the schedule," said Mr Singh. ... |
LafargeHolcim Bangladesh launches a new cement for plastering09 May 2018, Published under Cement NewsLafargeHolcim Bangladesh is launching a new specialised cement for plastering called Plastercrete. Plastercrete has been carefully tested to ensure quality and meet customers' particular needs. It covers a larger surface area using less cement, resulting in significant cost savings for customers, said LafargeHolcim's spokesperson. "It would be only for plastering and different from others available in the market," Rajesh K Surana, chief executive officer of LafargeHolcim, told a press brief... |
Bangladesh cement profitability falls in 1Q1808 May 2018, Published under Cement NewsThe Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of listed cement companies at the Dhaka Stock Exchange declined moderately for January-March quarter of 2018 as compared to the same period of the previous year as profit margins were squeezed. Cement companies saw tighter margins due several factors, including higher raw material prices, while cement prices have not incre... |
Bangladesh plans dry-process conversion at Chhatak03 April 2018, Published under Cement NewsBangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries, is still looking for an engineering and construction contractor to convert the Chhatak cement plant into a dry-process plant in northeast Bangladesh. To allow more time for international companies to submit their bids, BCIC has extended bid due date to 23 April 2018. The Chhatak factory was established in 1937 by Assam Bengal Cement Company at Chhatak Upazila in Sunamgonj district. Acco... |