Cement News tagged under: Bangladesh
Crown Cement's net profits rise 649% in 1HFY23-2416 February 2024, Published under Cement NewsCrown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty surge in profit between July and December 2023 due to higher sales and other income from the shipping business. It earned a profit of BDT706.18m (US$6.436m) compared to BDT94.28m in July-December 2022, a YoY increase of 649 per cent. The company also attributed the expansion in profit to the rise in prices of cement bag... |
Confidence Cement’s net profit rises 25% in 1HFY23-2416 February 2024, Published under Cement NewsConfidence Cement PLC , Bangladesh’s leading cement manufacturer, recently announced its financial results on the Dhaka Stock Exchange (DSX). The company reported a profit after tax of BDT434.1m (US$3.96m) between July and December 2023 (six months) against a profit of BDT346.3m earned during the same period last year. This translates into a growth of 25.34 per cent in profit due to a fall in the cost of sales, less foreign currency exchange loss and deferred tax options. The company sal... |
Bangladesh cement export turns in double-digit 7MFY23-2407 February 2024, Published under Cement NewsBangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 21.1 per cent YoY rise in cement exports also surpassed the target of US$8.68m for 7MFY23-24. Bangladesh had set a higher target export revenue of US$... |
Premier Cement Mills' profit balloons in 2QFY23-2430 January 2024, Published under Cement NewsPremier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period of 2022-23, a YoY increase of 2833 per cent. Managing director of Premier Cement, Mohammed Amir... |
Crown Cement kicks start its sixth unit in Bangladesh16 January 2024, Published under Cement NewsMd Mozharul Islam, senior general manager and company secretary of Crown Cement, has announced that the company was able to finally start commercial production of its sixth unit earlier this month after deferring it several times. The announcement says that commercial production of the sixth unit of Crown Cement PLC, with a production capacity of 8280tpd installed at its factory premises in West Mukterpur, Munshiganj , will commence in January 2024 instead of its previous probable sch... |
Unique Cement launches new blended cement16 January 2024, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per cent of 28 days sturdiness of PCC cement in just two days, and 85 per cent sturdiness in the first sev... |
Key election year for leading cement nations12 January 2024, Published under Cement NewsThe year 2024 is going to be a significant election year for the world, with several of the largest cement consuming nations going to the polls. This week, we look over the key markets of Bangladesh, Indonesia, Pakistan, Russia, the United States and Mexico, and assess the geopolitical risk on cement demand in these nations. Bangladesh boom Last Sunday, Bangladesh's Prime Minister, Sheikh Hasina, won a fourth straight term, giving her another five years in power. While controversial, Ms... |
Bangladesh outstrips the cement export target in 6MFY23-2408 January 2024, Published under Cement NewsBangladesh has recorded 91 per cent YoY growth in cement export revenue to US$8.96m in the first six months (July-December 2023) of FY23-24 from US$4.69m in the same six months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 22.1 per cent YoY rise in cement exports also surpassed the target of US$7.29m for 6MFY23-24. Bangladesh had set a higher target export revenue of US$15m for F... |
Meghna Cement welcomes new MD04 January 2024, Published under Cement NewsBangladesh-based Meghna Cement Mills Ltd , part of the Bashundhara Group , has appointed Ahmed Akbar Sobhan as its new managing director. The appointment was effective from 28 December 2023, reports Market Screener. |
Environmental threat as fly ash cargo sinks02 January 2024, Published under Cement NewsBangladesh's cement industry saw disappointing news about the wastage of imported raw materials from India for the industry. The local lighter vessel carried 1422t of fly ash from India to a cement factory in the Ghorashal area of Bangladesh, sank in the Sibsa River near the Sundarbans on 29 December in Southern Bangladesh. All 12 crew members on board managed to swim ashore safely, but the cargo was wasted in the river, The "MV Garohera" lifted anchor from Haldia port in India and was ... |