Cement News tagged under: Bangladesh
Bangladesh's cement industry export revenue dips in 03MF2229 October 2021, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts believed that the slow arrival of clinker and increase in local consumption, plus the high cost of e... |
Alamgir Kabir re-elected as president of the BCMA26 October 2021, Published under Cement NewsAlamgir Kabir, vice-chairman of MI Cement Factory, has been re-elected president of the Bangladesh Cement Manufacturers’ Association (BCMA). Shahidullah, managing director of Metrocem Cement and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been re-elected as the first and second vice-president of the BCMA, respectively. “Working with the policymakers to flourish the cement sector as well as to keep the consumers’ interest up will ... |
Van Aalst wins repeat ship unloader order08 October 2021, Published under Cement NewsVan Aalst Bulk Handling has won a contract to deliver a second ship unloader to one of the largest cement manufacturers in Bangladesh. The pneumatic ship unloader is designed to handle fly ash and is built to cope with the hot and humid conditions in Bangladesh. The ship unloader is rail mounted and located on a jetty at the riverfront. Space is limited on the jetty, therefore we designed a gantry frame for the ship unloader so it can move over the existing conveyor belt. The unloader has... |
LafargeHolcim Bangladesh Ltd releases new cement bag26 July 2021, Published under Cement NewsLafargeHolcim Bangladesh Ltd (Holcim group) has unveiled new look of its premium cement brand 'Holcim Strong Structure' which is now available in all the markets. Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, unveiled the new bag design through a virtual programme. Holcim Strong Structure is the most popular cement in the premium-quality segment, recommended to individual house builders for use due to its premium quality. Rajesh Surana said "LafargeHolcim Bangladesh always e... |
Premium Mills' manager is imprisoned for keeping factory open26 July 2021, Published under Cement NewsPremium Cement Mills' plant manager in Charmukterpur, Munshiganj, Bangladesh, has been jailed for six months after violating COVID-19 restrictions by keeping the factory operating despite ongoing restrictions. The cement factory has been fined BDT1m (US$11,788) and has been closed for 13 days. A mobile court visited the plant on 23 July after on factory worker had died. The factory authorities in a notice had ordered the workers to join work on July 23 after Eid-ul-Azha holidays and thre... |
UltraTech Cement announce net sales of INR116.9bn23 July 2021, Published under Cement NewsUltraTech Cement Co reported that its consolidated net sales in 1QFY22 reached INR116.9bn (US$1.57bn) compared to INR76bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR35,120m compared to INR23,570m. Profit before tax was INR25,270m and profit after tax was INR17,030m compared to INR11,530m and INR7940m, respectively. Production costs during the quarter increased 11 per cent YoY, mainly on account of higher fuel prices. Th... |
Bangladesh cement export revenue fall19 July 2021, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. An increase in local consumption and high cost of exports attributed to lesser export, a research house... |
Fiscal budget to offer incentives in Bangladesh cement industry17 June 2021, Published under Cement NewsBangladesh’s National Budget for 2021-22 (July 2021-June 2022) was presented by Minister of Finance, A H M Mustafa Kamal, in Parliament on 3 June. During his speech, the minister acknowledged that cement, iron and iron products are the critical components of infrastructural development. Therefore, if tax incentive is provided to these industries engaged in producing these items, development of physical infrastructure will be easy and cost-effective. He proposed reducing the tax rat... |
MI Cement Factory moves forward with expansion plans08 June 2021, Published under Cement NewsBangladesh’s MI Cement Factory has reopened its investment plan worth BDT7.70bn (US$91.74m), which will see it set up its sixth production line at its factory in Munshiganj. The new production line will add 8280tpd to its existing capacity of 11000tpd. The company has postponed the project in October last year, but has reversed the decision following the industry’s recovery from the impacts of the pandemic. |
China's imports from Vietnam rise 36%30 March 2021, Published under Cement NewsChina, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. China imported 2.43Mt of cement worth US$79.91m, up 36.1 per cent YoY and 22.8 per cent in volume and value, respectively. The volumes accounted for 40.6 per cent of Vietnam’s total export volume and 36.8 per cent of the country’s cement export value during the 2M20. The Philippines imported 1.1Mt at a value of US... |