Cement News tagged under: Bangladesh

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LafargeHolcim Bangladesh Ltd releases new cement bag

26 July 2021, Published under Cement News

LafargeHolcim Bangladesh Ltd (Holcim group) has unveiled new look of its premium cement brand 'Holcim Strong Structure' which is now available in all the markets. Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, unveiled the new bag design through a virtual programme. Holcim Strong Structure is the most popular cement in the premium-quality segment, recommended to individual house builders for use due to its premium quality. Rajesh Surana said "LafargeHolcim Bangladesh always e...

Premium Mills' manager is imprisoned for keeping factory open

26 July 2021, Published under Cement News

Premium Cement Mills' plant manager in Charmukterpur, Munshiganj, Bangladesh, has been jailed for six months after violating COVID-19 restrictions by keeping the factory operating despite ongoing restrictions. The cement factory has been fined BDT1m (US$11,788) and has been closed for 13 days. A mobile court visited the plant on 23 July after on factory worker had died. The factory authorities in a notice had ordered the workers to join work on July 23 after Eid-ul-Azha holidays and thre...

UltraTech Cement announce net sales of INR116.9bn

23 July 2021, Published under Cement News

UltraTech Cement Co reported that its consolidated net sales in 1QFY22 reached INR116.9bn (US$1.57bn) compared to INR76bn over the corresponding period of the previous year.   Profit before interest, depreciation and tax was INR35,120m compared to INR23,570m. Profit before tax was INR25,270m and profit after tax was INR17,030m compared to INR11,530m and INR7940m, respectively.   Production costs during the quarter increased 11 per cent YoY, mainly on account of higher fuel prices. Th...

Bangladesh cement export revenue fall

19 July 2021, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data.   Bangladesh exports 90 per cent of its cement to India. An increase in local consumption and high cost of exports attributed to lesser export, a research house...

Fiscal budget to offer incentives in Bangladesh cement industry

17 June 2021, Published under Cement News

Bangladesh’s National Budget for 2021-22 (July 2021-June 2022) was presented by Minister of Finance, A H M Mustafa Kamal, in Parliament on 3 June. During his speech, the minister acknowledged that cement, iron and iron products are the critical components of infrastructural development. Therefore, if tax incentive is provided to these industries engaged in producing these items, development of physical infrastructure will be easy and cost-effective.   He proposed reducing the tax rat...

MI Cement Factory moves forward with expansion plans

08 June 2021, Published under Cement News

Bangladesh’s MI Cement Factory has reopened its investment plan worth BDT7.70bn (US$91.74m), which will see it set up its sixth production line at its factory in Munshiganj. The new production line will add 8280tpd to its existing capacity of 11000tpd. The company has postponed the project in October last year, but has reversed the decision following the industry’s recovery from the impacts of the pandemic.

China's imports from Vietnam rise 36%

30 March 2021, Published under Cement News

China, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. China imported 2.43Mt of cement worth US$79.91m, up 36.1 per cent YoY and 22.8 per cent in volume and value, respectively. The volumes accounted for 40.6 per cent of Vietnam’s total export volume and 36.8 per cent of the country’s cement export value during the 2M20. The Philippines imported 1.1Mt at a value of US...

Bangladesh cement makers add two bulk carries to fleet

12 March 2021, Published under Cement News

Meghna Group of Industries have launched two of the largest dry bulk carriers, viz MV Meghna Princess & MV Meghna Adventure, on 10 March 2021, at the Chittagong port, Bangladesh. Meghna Group is one of the top three cement producers and marketers of Bangladesh, operating with its two strong brands, namely Fresh and Meghnacem Deluxe.  State Minister for Shipping, Khalid Mahmud Chowdhury, attended the event as main guest. Chairman of Chittagong Port Authority, Rear Admiral M Shahjah...

Vietnam sees exports rise 14% in 2020

20 January 2021, Published under Cement News

Vietnam exported over 3.6Mt of cement and clinker worth US$135m in December 2020, up 15.3 per cent MoM in volume and 10.8 per cent YoY in value, according to the General Department of Customs. During the full year, the country earned US$1.43bn from exporting 38.4Mt of such products, up 3.2 per cent and 13.7 per cent YoY, respectively. China was the biggest importer of Vietnamese cement and clinker in 2020, importing 22.2Mt worth US$759.4m, accounting for 57 per cent of the total export...

LafargeHolcim Bangladesh enters aggregates market

11 January 2021, Published under Cement News

Stocks of LafargeHolcim Bangladesh on the Dhaka Stock Exchange (DSE) rose 9.8 per cent after the company announced it will be entering the aggregate business. LafargeHolcim Bangladesh commenced commercial production of clear-size-graded aggregate last Saturday, the company said in a filing on the DSE. The aggregates are graded limestone chips with uniform size and shape conforming to international standards, it said. The company has set up the crushing unit with ancillary equipmen...