Cement News tagged under: Bangladesh
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-2309 January 2023, Published under Cement NewsDuring the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Banglad... |
Bangladesh and Saudi Arabian JV cement plant in doubt04 January 2023, Published under Cement NewsState-owned Bangladesh Chemical Industries Corp (BCIC) has threatened to withdraw from a Saudi-Bangladesh joint venture under which a cement factory is to be built in Sylhet's Chhatak borough, Bangladesh. In a recent letter to the Ministry of Industries, BCIC has sought the pull out of the joint venture as it found irregularities, cost escalation and anomalies by their counterpart. The deal for the joint venture between the two countries was signed during Prime Minister Sheikh Hasina'... |
The rise of Bangladesh's clinker imports21 December 2022, Published under Cement NewsBangladesh’s cement industry is expanding with clinker imports rising for the last five fiscal years. According to the Chittagong Port Authority (CPA), the main seaport of Bangladesh, the authority handled 35.130Mt of clinker imports in the financial year 2021-22 (July–June), compared to 33.297Mt in the year-ago period, marking growth of 5.52 per cent. This compares to 21.49Mt in 2017-18, 24.82Mt in 2018-19, and 24.04Mt in 2019-20. Similarly, data from the Bangladesh Central Bank reports ... |
Cement industry seeks government support to overcome duty issues15 December 2022, Published under Cement NewsBangladesh's cement industry seeks relief from the government on the sudden imposition of supplementary duty on raw materials, along with nonadjustable Advance Income Tax (AIT), fuel shortages, high transportation costs, and increasing currency value. President of the Bangladesh Cement Manufacturers Association (BCMA), Alamgir Kabir, gave a current picture of the country's cement sector at a press conference in Dhaka. According to local media sources, the BCMA raised concerns over the si... |
Crown Cement commences construction of its 6th line09 December 2022, Published under Cement NewsCrown Cement PLC (formerly MI Cement Factory Ltd) has announced the commencement of construction work on its sixth line at the existing factory premises at West Mukterpur, Munshiganj, Bangladesh, with a capacity of 8000tpd to increase the overall capacity of the company from 11,000tpd to 19,000tpd. The investment amounts to BDT7.07bn (US$8.6m), according to the latest annual report 2021-22, released last week. No timeframe for the new line’s completion was reported. Chairman of the co... |
Bangladesh's cement export revenue totals US$3.67m in 5MFY2306 December 2022, Published under Cement NewsDuring the first five months (July and November) of FY22-23 (July-June), Bangladesh's cement industry earned export revenue of US$3.67m on the export of cement mostly to Asian countries, compared to US$3.36m in the same five months last year. This translates to growth of 9.23 per cent YoY, but marks a shortfall of 11.14 per cent to meet the target of US$4.13m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the... |
Aramit Cement Ltd posts loss in 1QFY2321 November 2022, Published under Cement NewsAramit Cement Ltd of Bangladesh has announced its financial results for three months (July 2022 to September 2022) on 14 November 2022. It posted a net loss of BDT89.5m (US$0.879m) during these three months compared to a loss of BDT66.4m in the corresponding period last year, says Company Secretary Syed Kamruzzaman. The company’s net sales decreased by 83.15 per cent to BDT50.17m from BDT297m, the top line recorded in the same quarter last year. Administrative expenses remained stag... |
Bangladesh earns cement revenue of US$2.77m in 4MFY2315 November 2022, Published under Cement NewsDuring the first four months (July and October) of FY22-23 (July-June), Bangladesh exported cement worth US$2.77m compared to US$2.44m in the same four months last year. This translated to a growth of 15.42 per cent but was down on forecast (-16.06 per cent ) to reach the target of US$3.3m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set a... |
HeidelbergCement Bangladesh sees rising sales cost in 9M2226 October 2022, Published under Cement NewsHeidelbergCement Bangladesh Ltd, owned by HeidelbergMaterials, announced its financial results for the 9M22 period on 18 October. It posted a loss of BDT241.3m (US$2.3m0 during this period compared to the profit of BDT558.5m earned in the corresponding period in the last year, according to the company’s regulatory filing to the local bourse. The company's net sales/revenue increased by 1.1 per cent to BDT12.80bn, but the cost of sales also increased to BDT12.22bn from BDT11.09bn ... |
LafargeHolcim Bangladesh reports 9% sales growth in 9M2221 October 2022, Published under Cement NewsLafargeHolcim Bangladesh (LHBL), a joint venture between Holcim Group and Cementos Molins, has reported positive trends in net profit, net sales, operating profit and earnings per share during the first nine months of 2022, despite an unprecedented increase in raw material costs. The company saw a seven per cent rise in net profit during the 9M22 to BDT3.308bn (US$32.4m), compared to BDT3.089bn in the same period a year earlier. Net sales grew nine per cent to BDT16.987bn from BDT15.656... |