Cement News tagged under: Bangladesh
Cement exports from Bangladesh on the rise19 March 2018, Published under Cement NewsBangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau has appreciated the ... |
Vessel transporting 1050t of clinker sinks in Bangladesh19 March 2018, Published under Cement NewsA vessel transporting 1050t of clinker to Khulna, Bangladesh, sank on Thursday after a crack appeared in its hull. While 11 crew members were on board at the time, all were rescued by locals. "We felt something was wrong in the vessel from the beginning of the journey, that’s why we tried to speed up and anchor here," said Rabiul Islam, master of the ship. Crew members have commented on the potential negligence of the appropriate authorities who noticed the fault but did not unload the... |
BCIC plans dry-process conversion at Chhatak plant07 February 2018, Published under Cement NewsBangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries, is planning to convert a wet-process production line to dry-process at Chhatak Cement Company Ltd (CCCL) in northeast Bangladesh. The Chhatak factory was established in 1937 by Assam Bengal Cement Company at Chhatak Upazila in Sunamgonj district. According to BCIC’s announcement, the 1500tpd clinker and 500tpd cement project includes hiring of ECC contractor for design, engineering, proc... |
Confidence Cement plans new Palash plant01 February 2018, Published under Cement NewsConfidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka. Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors. The Company has also informed that the Board of Directors have agreed to invest in the new Power Plan... |
Gas supply deal with LafargeHolcim reported to impact Bangladeshi industry18 January 2018, Published under Cement NewsSpecialists have raised the red flag over the Bangladeshi government's gas supply deal with LafargeHolcim Ltd as the 20-year agreement has been threatening the competitive advantage of local cement manufacturers, reports the Daily Sun. Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL) signed the gas supply agreement with the cement major in 2003, but in view of current gas shortages in Bangladeshi households and industries, the government decided on 16 January to review the d... |
Lafarge completes Holcim shares acquisition09 January 2018, Published under Cement NewsLafarge Surma Cement Ltd (LSCL) has completed the required documents to transfer the shares of Holcim Bangladesh Ltd (HBL) to LafargeHolcim Bangladesh Ltd. The step was part of the acquisition of HBL at a price set by the Bangladesh Bank, which announced a price of BDT5.05bn (US$60.8m) on 24 December 2017. |
LafargeHolcim03 January 2018, Published under Cement NewsThe 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing in a US$140Mta cement works that it is building in Nepal. Lafarge Malaysia’s turnover came down by some 13 per cent to US$409.5m in the first nine months of 2017, while a net loss of US$33.1m was incurred, compared with a US$10.5m profit for the same period last year. The company lost money in each of the quarters of this year and a return to profit is not expected until the middle of next year. LafargeHolcim A... |
Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m28 December 2017, Published under Cement NewsCementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Molins was previously a joint venture partner in Bangladesh with Lafarge. |
Confidence Cement to commission new plant end-December29 November 2017, Published under Cement NewsConfidence Cement will commission its new cement plant in Bangladesh at the end of December, doubling the company’s total cement capacity to 4500tpd. The new works will help to meet the country’s increasing cement demand, which is expected to surpass the 25Mt mark in 2018, according to The Global Cement Report, 12th Edition. Bangladesh aspires to become a middle-income country by 2021 and sustained growth in recent years has seen its infrastructure deficit widen. Through the Seventh ... |
Vietnam 10M17 exports rise 23% YoY16 November 2017, Published under Cement NewsTotal cement exports from Vietnam rose to 15.12Mt in the first 10 months of 2017, representing a 22.9 per cent YoY increase. The country’s export earnings were up 13.9 per cent when compared with the year-ago period, reaching US$532.4m, according to the Ministry of Industry and Trade. Bangladesh, the Philippines, Taiwan and Peru were among major importers of Vietnamese clinker and cement, taking a 74.8 per cent share of the country’s total cement and clinker exports in the period. Ban... |