Cement News tagged under: Bangladesh
HeidelbergCement Bangladesh profits hit by multiple factors27 April 2020, Published under Cement NewsHeidelbergCement Bangladesh posted an unaudited net profit of BDT43.5m (US$0.513m) for the first quarter of 2020, against earnings of BDT193m in the 1Q19. The fall in profit is attributed to an increase in cost of goods sold, alongside increased warehousing, distribution, selling and administrative expenses. The total revenue, however, increased to BDT3.82bn from BDT3.61bn. The cost of sales stood at BDT3.374bn. It also reported a higher distribution cost of BDT114.4m against BDT89m in s... |
Bangladesh cement industry seeks stimuli to meet challenges of COVID-1923 April 2020, Published under Cement NewsBangladesh's cement industry is facing numerous challenges amid the coronavirus pandemic and sees no immediate respite as the government plans to further extend the lockdown period. The lockdown has reportedly disrupted production, dispatches and handling import of raw materials at port. The trading of seven cement companies' scripts in Bangladesh's two stock exchanges will also continue to remain unavailable, as the government is likely to further extend holidays from 25 April to 5 May, ... |
Coronavirus impacts Pakistani cement trade21 April 2020, Published under Cement NewsThe exports of clinker and cement from Pakistan to Afghanistan, Bangladesh, Sri Lanka and rest of the world have been impacted by the lockdown, curfew and other measures to stop the spread of the coronavirus in these countries. This was disclosed by Irfan Amanullah, senior general manager, Attock Cement Pakistan Ltd (ACPL), during a presentation of Cement Sector Outlook, organised by BMA Capital in Karachi. He attributed the disruption due to a number of reasons and said no exports were be... |
Cement exports from Bangladesh dip in 9MFY19-2016 April 2020, Published under Cement NewsBangladesh's government saw a modest fall of more than six per cent in total export during the first nine months of the FY19-20 as the initial impacts of coronavirus began to impact business, but fortunately overseas cement dispatches were only slightly down, according to data released by Bangladesh Export Promotion Bureau (EPB). However, Bangladeshi economist Mohammad Shahjahan Siddiqui has cautioned through local media that there will be a serious impact of coronavirus in the country's ... |
Shah Cement distributes food items to construction workers and families14 April 2020, Published under Cement NewsShah Cement Industries Ltd of Bangladesh has taken an initiative to provide food items and handwash to construction workers and their families considering that many workers have become jobless during the coronavirus situation, says a press release. The cement company had selected 80 points across the country to distribute the items and since 30 March, a total of 10,000 construction workers have gotten the benefit under the supervision of Shah Cement officials and its distributors of respect... |
Offloading of clinker continues at Chittagong Port in Bangladesh10 April 2020, Published under Cement NewsOffloading of imported raw materials for the cement industry continues at the Chittagong Port of Bangladesh (CPA), even as the port suffers container storage congestion. According to the CPA, 22 vessels are currently at outer anchorage at the port, each laden with more than 45,000t to 50,000t of clinker, while seven of them are unloading cargoes and able to work without interruption. Vessel crew are being checked as per health and safety guidelines set by the port authorities. The other ... |
Trading of cement scripts still suspended in Bangladesh07 April 2020, Published under Cement NewsThe trading of seven leading cement firms' scripts in two stock exchanges of Bangladesh are suspended due to measures taken by the Dhaka government to stop the spread of coronavirus across the country. No trading was held from 26 March in shares of Aramit Cement Ltd, Confidence Cement Ltd, HeidelbergCement Bangladesh Ltd, LafargeHolcim Bangladesh Ltd, Meghna Cement Mills Ltd, MI Cement Factory Ltd and Premier Cement Mills Ltd. The Bangladesh's two bourses, Dhaka Stock Exchange (DSE) and ... |
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
Measures to stop COVID-19 spread expected to impact Bangladeshi cement industry26 March 2020, Published under Cement NewsThe Bangladeshi cement industry is likely to be affected by the measures taken by government to halt the spread of the coronavirus in the country. All passenger trains and vessel departures, except cargo trains and ships, have been suspended for an indefinate period. In addition, the government announced a 10-day general holiday from 26 March until 4 April as well as a relief package. Bangladeshi Prime Minister, Sheikh Hasina, announced a BDT50bn incentive package for export-oriented indu... |
Clinker imports into Bangladesh up 4%23 March 2020, Published under Cement NewsThe import of clinker into Bangladesh has increased by 3.6 per cent in the first seven months of the FY19-20, according to data released by the Central Bank of Bangladesh. Clinker volumes to a value of US$554.8m were imported during this period, a significant increase when compared with 7MFY18-19 when the value of clinker imports reached US$535.3m. Total imports declined by 4.4 per cent YoY to US$34.58bn between July 2019 and January 2020. The fall is due to a number of factors, including... |