Cement News tagged under: Bangladesh

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Bangladesh opens new ports of call with India to increase trade

26 May 2020, Published under Cement News

Bangladesh and India have added five more ports of call to its existing six and two Indo-Bangladesh Protocol (IBP) water routes. The move would help reduce transport cost in exporting bulk amount of cement to Tripura and the other northeastern states, said Mr Shahidullah, managing director of Metrocem Cement and first vice-president of Bangladesh Cement Manufacturers Association. The five new ports of call in Bangladesh that were put in the Second Addendum to the Protocol on Transit and Tr...

BCMA reports 46% fall in domestic cement sales

18 May 2020, Published under Cement News

The current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement Manufacturers Association (BCMA). Cement sales dropped around 46 per cent in April following serious disruption in construction, according to the BCMA. The manufacturers saw a severe fall in sales, despite expecting double-digit growth in 2020 after achieving above seven per cent growth in previous year. BCMA Presid...

Vietnam's cement exports to China drop 5% in 1Q20

12 May 2020, Published under Cement News

China was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Department of Vietnam Customs. This was down 5.4 per cent and 13.3 per cent YoY in volume and value, respectively, but still accounted for 35.3 per cent of Vietnam’s export volumes during the quarter. The Philippines imported 1.47Mt worth US$69.09m in the 1Q20, declining 27.5 per cent YoY in volume and 32.3 per cent in val...

Bangladeshi cement export shows negative trend in 10MFY20

11 May 2020, Published under Cement News

As per data released by Bangladesh Export Promotion Bureau (EPB), Bangladesh's government recorded a significant fall of 13.1 per cent to US$29.49bn in total exports during the first 10 months of the current FY19-20, against US$33.93bn in the corresponding period of FY18-19. Exporters and analysts attributed the drop to the closure of factories, lockdown in major export destinations followed by slow demand as well as order cancellations and delays due to the ongoing COVID-19 pandemic. Expo...

LafargeHolcim Bangladesh 1Q20 net profit rises 46%

11 May 2020, Published under Cement News

LafargeHolcim Bangladesh sustained its profitability during January-March 2020, despite the ongoing COVID-19 pandemic. LafargeHolcim Bangladesh's net profit surged about 46 per cent YoY to BDT522.45m (US$6.2m) in the 1Q20, against earnings of BDT357.81m in the 1Q19. The rise in profit can be attributed to a decrease in cost of goods sold, alongside a reduction in finance cost and lower income tax during this accounting period. However, the company said hat the increase of revenue for Januar...

HeidelbergCement Bangladesh profits hit by multiple factors

27 April 2020, Published under Cement News

HeidelbergCement 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-19

23 April 2020, Published under Cement News

Bangladesh'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 trade

21 April 2020, Published under Cement News

The 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 9MFY19-20

16 April 2020, Published under Cement News

Bangladesh'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 families

14 April 2020, Published under Cement News

Shah 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...