Cement News tagged under: MI Cement Factory
MI Cement sees 33% revenue rise in FY17-1817 December 2018, Published under Cement NewsBangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising administrative costs of selling and distribution. "The cost of goods sold (COGS) has increased by 39.... |
MI Cement signs MoUs with Housing and Building Research Institute09 May 2017, Published under Cement NewsMI Cement Factory or Crown Cement and GPH Ispat have signed two separate memoranda of understanding with the Housing and Building Research Institute to develop environment-friendly construction materials. The two agreements were signed by Crown Cement Executive Director, Md Habibur Rahman Mollah, GPH Ispat Director, Md Ashrafuzzaman, and Housing and Building Research Institute Director Engineer, Mohammad Abu Sadeque on Sunday, local media report. The Housing and Building Research Insti... |
Bangladesh: MI Cement eyes capacity expansion09 December 2015, Published under Cement NewsMI Cement Factory has set its sights on organic expansion through the construction of new capacity including its own clinker manufacturing plant over the next five years. The company, which produces cement under the Crown brand, plans to raise capacity from the present 6000tpd to 10,000tpd by the end of next year. Following on, it plans to increase capacity to 16,000tpd. “To reach the target, we will go for expansion with necessary investment,” Md Alamgir Kabir, additional managing director... |
Bangladesh: MI Cement will package growth16 March 2015, Published under Cement NewsMI Cement Factory Ltd plans to grow on the back of higher domestic cement demand. Bangladesh is expecting rapid development in terms of new public infrastructure, communication and housing facilities. At present, MI Cement Factory’s total cement production capacity is 5800tpd, or 1.74Mta. The plan is to install a new cement packaging facility to help meet demand. "We have decided to set up another packing unit and 1500t capacity ordinary Portland cement silo to enhance the delivery capaci... |
Crown Cement fined US$18,33125 April 2012, Published under Cement NewsThe Bangladeshi Department of Environment (DoE) has fined MI Cement Factory, popularly known as Crown Cement, BDT1.5m (US$18,331) for air pollution. DoE director (enforcement) Munir Chowdhury fined the managing director of the cement factory at Muktarpur in Munshiganj district on Tuesday. The factory was also asked to control air pollution within a week. DoE media statement said a team led by Munir found 1113m 3 of sulphur-dioxide and 2727m 3 of suspended particulate matter in the ... |