Cement News tagged under: Bangladesh
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 ... |
UCIL wins WCA grinding upgrade award28 December 2023, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has won the World Cement Association Project Award 2023: Grinding Upgrade. The award reportedly recognises the innovative design of UCIL's grinding circuit to increase capacity and flexibility while reducing power consumption. UCIL is the only cement producer in Bangladesh to be a member of the World Cement Association (WCA). Three of the country’s most significant bridge projects - Kanchpur, Meghna and Gumti - along with other mega i... |
Bangladesh cement sales plummet due to political uncertainty21 December 2023, Published under Cement NewsThe supply chain of Bangladesh’s cement industry has been significantly impacted due to ongoing political agitation, high cost of raw materials, currency appreciation, roadblocks and lukewarm growth in the construction industry. According to industry sources, cement makers in Bangladesh have reduced production in the face of falling sales due to ongoing political tension, and a slowdown in public and private construction projects. As a result, cement mills in the country have a co... |
Bangladesh's foreign and local cement firms report mixed financial results in 1QFY2415 December 2023, Published under Cement NewsThe Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sales prices and taking advantage of the recent reduction in raw materials prices in the global market. ... |
Bangladesh exceeds the cement export target in 5MFY23-2407 December 2023, Published under Cement NewsBangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five 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 17.7 per cent YoY rise in cement exports also surpassed the target of US$5.93m for 5MFY23-24. Bangladesh had set a higher target export revenue of US$15m f... |
Political agitation in Bangladesh cripples supply chain inclusive cement29 November 2023, Published under Cement NewsFor the last four weeks, consecutive political agitation in Bangladesh has negatively impacted the country's economy. The supply chain has been severely affected, including transporting commodities and cement from factories to end users. The issue is due to a lack of loading trucks on the roads, the fear of looting, etc. This problem is not limited to the cement industry, as every industry is feeling the heat of the ongoing back-to-back nationwide strikes called by the Bangladesh Nationalist... |
Aramit Cement reports ongoing losses20 November 2023, Published under Cement NewsBangladesh-based Aramit Cement Plc has announced its financial results for the 1QFY23-24 (July -September 2023) and FY23 (July 2022 –June 2023). The company reported an extending net loss after tax of BDT136.07m (US$1.23m) between July and September 2023 against a loss of BDT89.59m during the same period last year. The noticeable loss in the 1QFY23-24 was due to the contract in sales growth to BDT25.28m from BDT50.17m during this accounting period, according to the company. The same ne... |
Crown Cement posts profit of BDT343m in 1QFY23-2417 November 2023, Published under Cement NewsCrown Cement Plc of Bangladesh announced its financial results for the 1QFY23-24. The company reported a profit after taxation of BDT343m (US$3.09m) between July and September 2023 against a loss of BDT53m during the same period last year. The remarkable recovery in the 1QFY23-24 was due to sales growth and a price increase of 10.56 per cent compared to the previous year's first quarter, said the company. Crown Cement's net sales increased to BDT6.21bn from BDT5.07bn. Similarly, the cost ... |