Cement News tagged under: Bangladesh
LafargeHolcim Bangladesh meets top brass of State of Meghalaya11 September 2019, Published under Cement NewsLafargeHolcim Bangladesh held talks over the continued cross-border transfer of limestone between the state of Meghalaya in India and Chhatak in Banglaesh. The meeting was arranged on the sidelines of LafargeHolcim Bangladesh's Board of Directors meeting held recently in Shillong, Meghalaya. The company brings in limestone from its own mines in Meghalaya to produce clinker and cement at its plant at Chhatak in northeast Bangladesh. Lafarge Umium Mining Ltd is the subsidiary of Laf... |
Bengal Cement's parent company receives export trophies05 September 2019, Published under Cement NewsBangladesh's leading exporters have received National Export Trophies for the year 2016-17 in a event held in Dhaka on 1 September 2019. The country's Prime Minister, Shaikh Hasina Wajid, distributed the awards. Exporters were awarded three kinds of trophies, Gold, Silver or Bronze. Bengal Group of Industries, the parent company of Bengal Cement, received two types of trophies for the export of different commodities including cement. Jashim Uddin, vice chairman of Bengal Group of Indust... |
Clinker vessel salvage delay30 August 2019, Published under Cement NewsA vessel carrying clinker which capsized in the Meghan River at Birbir, Bangaldesh on Tuesday could not be immediately salvaged. The MV Tanvir Tousib-2 was anchored at Birbir on the high-tide but was struck by another vessel, the Bashundhara Food-1. The MV Tanvir Tousib-2 was carrying clinker to Dhaka. The cost of the loss could be as much as BDT200m (US$2.36m) according to Khairul Alam, master of the ship. Attempts to salvage the ship were due to be attempted on Wednesday evening. |
Bangladesh revises export target for cement in FY2027 August 2019, Published under Cement NewsThe Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are constantly growing, thus government has changed the target, industry observed. The export value for c... |
Lafargeholcim Bangladesh reports 46% net profit surge01 August 2019, Published under Cement NewsLafargeHolcim Bangladesh has announced a 46 per cent YoY increase in net profit for the second quarter of 2019, according to a recent statement. The company also saw a 15.4 per cent rise in revenue to BDT4.5bn (US$52.9m) for the 2Q19, compared to BDT3.9bn of the year-ago period. "The 2Q19 results demonstrate the strong performance trend which continues from 2018. Our focus on raising profitability through commercial innovation, operational efficiency and cost control continues to pay off.... |
Bangladesh earns US$10.41m on export of cement in FY1923 July 2019, Published under Cement NewsBangladesh's cement industry has recorded a fall of 17.3 per cent in export revenue to US$10.41m between July 2018 and June 2019, compared to US$12.59m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The export value fell 25.6 per cent below the US$14m target set by the government for the period. For the FY18-19 the export target for the cement indust... |
Mega projects are pushing Bangladesh's cement demand up10 July 2019, Published under Cement NewsOptimism among Bangladesh cement companies for market growth is strong with government mega construction projects increasing demand. "Besides the big projects, developments in real estate and commercial and public institutions have also contributed to enhanced cement consumption. Moreover an increasing number of migrants travelling from rural areas to the big cities are boosting real estate business, while the rural individual homebuilders are fuelling consumption of cement," said Mohammad ... |
Increase in gas price impacts cement cost in Bangladesh08 July 2019, Published under Cement NewsBangladesh's government has increased gas prices for the industrial sector including the cement industry, effective from 1 July 2019. The new price hike came in response to the demands of different gas utility companies. The Bangladesh Energy Regulatory Commission (BERC) declared an average price hike of 32.8 per cent for all users. The increase in gas prices, coupled with some tax measures in the budget 2019-20, have started to impact the manufacturing costs of cement in Bangladesh, says... |
Vessel released to off-load clinker in Bangladesh24 June 2019, Published under Cement NewsThe Egyptian flag cargo vessel "Wadi Feran" laden with 50,141t of imported clinker, which was arrested at the outer anchorage of Chittagong in Bangladesh on 26 May, as per orders of the local High Court in a litigation, was finally released on Friday. The vessel had arrived on 8 May and later successfully offloaded cargo imported by local cement manufacturers. |
Bangladesh budget sets higher GDP for FY2014 June 2019, Published under Cement NewsAHM Mustafa Kamal, Bangladesh Finance Minister, in his budget speech in Parliament on 13 June proposed that country's GDP grew consistently at a very high rate in the last decade. He added, "We expect a GDP growth of 8.13 per cent in FY218-19. Our commitments are to achieve a growth rate of 10 per cent by FY23-24, and maintain that rate until 2041 so that we can lay a solid foundation for becoming a high income country by that time." To achieve this objective, minister said that GDP growt... |