Cement News tagged under: Bangladesh
Semen Indonesia targets Bangladesh acquisition03 June 2014, Published under Cement NewsSemen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it... |
Probe against Lafarge Surma land acquisition and quarrying operations23 April 2014, Published under Cement NewsThe Indian Compliance Advisor/Ombudsman (CAO) is assessing a complaint filed against Lafarge Surma Cement's land acquisition and limestone quarrying operations in Meghalaya, India. Lafarge Surma Cement, a joint venture between Lafarge and Cementos Molins of Spain, operates a 1.6Mta plant at Chhatak, Bangladesh. Due to the country’s lack of limestone deposits, the Chaatak plant is a cross-border facility with a captive limestone mined located at Meghalaya, India, from where limestone is tra... |
Scheuer elected chairman of HeidelbergCement Bangladesh13 February 2014, Published under Cement NewsAlbert Scheuer has been elected chairman of HeidelbergCement Bangladesh at the company's board meeting, it said in a statement yesterday. Scheuer is currently member of the Managing Board of HeidelbergCement and in charge of the Asia-Pacific Group area and worldwide coordination of Heidelberg Technology Center. After joining HeidelbergCement in 1992, Dr Scheuer took on various positions at the Leimen cement plant and Heidelberg Technology Center. From 1998- 2005, he was in charge o... |
Bangladesh: 1HFY13-14 cement exports fall04 February 2014, Published under Cement NewsThe Bangladesh cement industry saw its exports dip 6.64 per cent from July to December 2013. According to the Bangladesh Export Promotion Bureau, the sector exported US$2.53m of cement, down from US$2.71m during the equivalent period in 2012. The retreat of exports has been atrributed to political unrest and poor handling of clinker and other raw materials in Chittagong Port in recent months. Imports of clinker into Bangladesh fell 3.38 per cent in FY12-13 (July 2012-July 2013) to US$487m... |
Semen Indonesia in joint venture talks24 January 2014, Published under Cement NewsSemen Indonesia is in early talks to establish joint ventures with three potential partners, the company’s president director, Dwi Soetjipto, has revealed. Speaking to local press, Dwi said that three investors have “declared their interest to create joint ventures with Semen Indonesia,” including investors from Indonesia and overseas. Indonesia’s leading cement producer is still reviewing the proposals and has yet to make a decision on whether the partnerships would be the right strat... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Bangladesh: cement businesses disrupted by political unrest20 December 2013, Published under Cement NewsBangladesh's cement industry is being affected by political unrest in the country with blockades and disruption to transport routes. The supply of raw materials from port and cement exports to India have also been disturbed. The main opposition Bangladesh Nationalist Party (BNP)-led 18-party alliance has called number of times for the blockade of roads, rail- and waterways to press the government for its demands. The last blockade programme was ended on 19 December while the alliance has a... |
Bangladesh approves Aramit’s rights offer12 December 2013, Published under Cement NewsBangladesh's securities regulator Tuesday approved the rights offer of Aramit Cement to boost the company's capital base, according to local press reports. The cement manufacturer will offer one rights share against one existing shae, at an offer price of BDT15 each, including BDT5 as premium. The company will issue BDT1.69 crore rights shares to its existing shareholders to raise the fund. AAA Consultant and Financial Advisers will manage the rights share issue. |
Bangladesh sets next export revenue target24 October 2013, Published under Cement NewsThe government of Bangladesh has set an export revenue target of US$6.46m for cement, stone and salt over FY13-14 its export Promotion Bureau (EPB) has said. However, the country is facing a number of challenges as deliveries to its main export market of India have recently been in decline. Over FY12-13 Bangladesh exported US$6.15m, with earnings including minor amounts of stone and salt. In July 2013 alone, Bangladesh earned export revenues of US$0.71m compared to US$0.56m in the same mont... |
Ships transporting clinker collide at Chittagong port, Bangladesh13 September 2013, Published under Cement NewsThree ships carrying clinker collided at Chittagong Port in southern Bangladesh earlier this week, causing partial interruptions to supplies. However, local production has not been affected due to regular imports. An official of the Chittagong Port told CemNet News that on 9 September 'Fortune Cloud', a Panama-flag bulk carrier (carrying 33,000t of clinker) arrived at Chittagong’s outer anchorage and came into contact with Bangladesh-registered bulk carrier 'Abdullah' , laden with 37,300t... |