Cement News tagged under: Bangladesh
Indonesia: Semen Indonesia looks to international markets21 June 2016, Published under Cement NewsAmid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam. ... |
Bangladesh: MI Cement opts for Loesche slag grinding mill13 June 2016, Published under Cement NewsMI Cement Factory Ltd, based in Dhaka, Bangladesh, has awarded Loesche the contract for the Munshigonj cement plant. The Munshigonj cement plant is a brownfield project. To grind the blast furnace slag to a fineness of 4000 cm 2 /g Blaine, the customer will use a Loesche mill. For the main components of the scope of supply, a lead time of seven months after signing the contract is scheduled and the gearbox is to be supplied to Bangladesh in nine months. Commissioning of the Loesche mil... |
Cemex02 June 2016, Published under Cement NewsCemex has completed the sale of its operations in Thailand and Bangladesh to Siam City Cement for some US$53m. These operations consist of an integrated cement works near Bangkok with a capacity of 0.6Mta and a grinding centre at Nagarangonj in Bangladesh with a capacity of 0.52Mta. |
Cemex sells its Bangladesh operations to Siam City27 May 2016, Published under Cement NewsCemex has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement for approximately US$53m.The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. |
Bangladesh remains Vietnam's strongest export market24 May 2016, Published under Cement NewsFrom January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), Taiwan (US$10.67m), Mozambique (US$9.9m), and Chile (US$9.72m) are also major importers of Vietnamese cement. Vietnam's cement consumption in these four months was also very positive reaching 18.85Mt, representing an increase of 117.4 per cent YoY. |
Bangladesh: FDI from Netherlands20 May 2016, Published under Cement NewsBangladesh’s cement sector attracted foreign direct investment (FDI) of US$31.3m in 2015, according to a Bangladesh Central Bank report. This figure is up 41.5 per cent from that of 2014. The report showed that last year around half of the FDI in the cement sector came from The Netherlands, with investments also coming from Germany, Hong Kong, Switzerland, among others. According to a local research firm, the country’s cement production reached approximately 30Mt in 2015, against a demand ... |
Semen Indonesia to invest US$2.2bn over next five years16 May 2016, Published under Cement NewsSemen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin... |
Cemex divests of Bangladesh and Thailand units, potential sale of minority stake in Philippine assets11 March 2016, Published under Cement NewsCemex announced yesterday that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Co for approximately US$53m. Meanwhile, Cemex's Philippine subsidiary has presented an application to Philippine authorities for the potential sale of a minority stake of assets in the southeast Asian country. Bangladesh and Thailand divestitures Proceeds obtained from the Bangladesh and Thailand transaction will be used mainly for debt reduction and for ... |
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... |
Confidence Cement plans expansion, Bangladesh23 September 2015, Published under Cement NewsBangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year. Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capac... |