Dungsam Cement reduces losses in 2018

Dungsam Cement reduces losses in 2018
24 May 2019

Bhutan’s Dungsam Cement Corp Ltd (DCCL) has reported the narrowing of its losses to BTN30m (US$430,624) in 2018 from BTN720m in the previous year. The company has attributed the improved results to an uptick in cement production from 200,000t when its plant was commissioned in 2014 to 633,000t last year.

The company now aims to make its maximum profit in 2019 and eradicate its losses, according to BBS News. The company mainly supplies to the country’s hydropower projects, delivering 291,794t in 2017 and 320,702t last year.

Dungsam Cement has reportedly not been able to reach its full production capacity of 1.3Mta due to the small domestic market and major competition in the India.

“Selling in India is difficult as there are so many brands. Just even in Assam and West Bengal, there are about around 25 brands. We have to compete with them. On top of that, they have GST. Taking into consideration all these factors there is a big challenge in India,” said Sonam Jigme, CEO of DCCL.

Published under Cement News