Cement News tagged under: Bangladesh

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Bangladesh cement exports rise July-Sept

17 October 2018, Published under Cement News

Bangladesh's cement industry recorded export revenue of US$3.17m during July-Sept 2018 compared to US$2.72m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This is an increase of 16.54 per cent YoY. The export figure also includes a minor amount of salt, stone and related products.   Bangladesh’s government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July), against US$12.59m from last fiscal year. T...

Bangladesh exports fall 11% YoY in July-Aug 2018

28 September 2018, Published under Cement News

Bangladesh's cement industry recorded an export revenue of US$1.85m during July-Aug 2018 compared to US$2.07m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This equates to a fall of 10.6 per cent YoY in exports. The export figure also includes a minor amount of salt, stone and related products. Currently, the country is reportedly exporting cement to India, Myanmar, Nepal, Maldives and Sri Lanka.

Clinker shipment capsizes in Bay of Bengal

10 September 2018, Published under Cement News

A light vessel carrying 1500t of clinker capsized near Bhasanchar if Noakhali in the Bay of Bengal on 9 September. All 13 members of the MV Sheikh Parvin were rescued, said Mohammed Selim, deputy director of Bangladesh Inland Water Transport Authority, based in Chittagong. The vessel had been bound for Narayanganh and strong currents led to the clinker shipment colliding with another vessel, called the Basundhara-27, that had already run aground. There are several grinding units located i...

Shah Cement wins 'Superbrands' award

05 September 2018, Published under Cement News

Shah Cement Industries Ltd of Bangladesh has won the 'Superbrands award 2018', in a award recipient's ceremony of Superbrands Bangladesh for 2018-20, held at Radisson Blu Dhaka Water Garden on 1 September. The company said, "leadership in Bangladesh cement market for over a decade, consistent product quality and superior service for customer confidence has taken Shah Cement to a new height." After winning the 'Best Brand Award' in cement category on every occasion, Shah Cement is the re...

Bangladesh forsees 11.2% growth in exports FY18/19

24 August 2018, Published under Cement News

Bangladesh government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July) against US$12.59m from last fiscal year. The target is based on an expected growth of 11.20 per cent. According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry earned export revenues of US$1.09 during July 2018 compared to US$1.04m earned in the year-ago corresponding month. This equates to a 4.81 per cent increase in exports YoY. The export figur...

Deshbandhu Group awards contract for 1500tpd plant

10 August 2018, Published under Cement News

Guangdong Power Engineering Co Ltd, an arm of Energy China, has won a contract to construct a 1500tpd cement plant for the Bangladesh-based Deshbandhu Group. The company is now seeking US$100m of funding for the project, which will likely be supplied by China’s policy banks and international policy banks, alongside the Bangladesh government and international bank consortiums, according to Inside International Industrials.

HeidelbergCement Bangladesh to acquire Meghna Energy

19 July 2018, Published under Cement News

The Board of Directors of the HeidelbergCement Bangladesh Ltd has approved the draft scheme of amalgamation of the Meghna Energy Ltd with the HeidelbergCement Bangladesh Ltd subject to sanction by the High Court Division of the Supreme Court of Bangladesh and approval of the same by the members of the Company and Meghna Energy Ltd. HeidelbergCement Bangladesh Ltd will acquire 4,056,457 shares (99.99 per cent) in Meghna Energy at an estimated consideration of BDT910m (US$10.77m). Out of whi...

Bangladesh cement revenue continues to surge

10 July 2018, Published under Cement News

A growth of 17 per cent was recorded by Bangladesh's cement industry in export revenues during FY17-18 (July 2017-June 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$12.59m during FY17-18, compared to US$10.79m earned in the year-ago corresponding months. This represent a growth of over 16.68 per cent in exports YoY. The export figure also includes a minor amount of salt, stone and related products, but the country...

New Bangladesh budget offers big projects for cement industry

08 June 2018, Published under Cement News

AMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of 7.4 per cent for fiscal 2017-18." Mr Muhith also announced provision of loans to the public for ...

Siam City Cement becomes regional market leader

07 June 2018, Published under Cement News

Siam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i...