Cement News tagged under: Bangladesh

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Cementos Molins reports 5% rise in net profit for 2019

28 February 2020, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr...

Lesser sales hit profit of Kohat Cement in 1HFY19-20

27 February 2020, Published under Cement News

Kohat Cement Co Ltd (KOHC) has reported a YoY drop of 93.6 per cent in profit for the half year ended 31 December 2019. It reported a profit after tax of PKR97m (US$0.62m) compared to PKR1.526bn in the corresponding period last year. The fall in profit is attributed to a decrease in sales, which fell by 28.2 per cent to PKR6.021bn during this period from PKR8.391bn in the year-ago period. It also reported a distribution cost of PKR30m against PKR43m in 1HFY19-20l, while administrative exp...

Bangladesh's Meghna Group receives HSBC award

27 February 2020, Published under Cement News

Meghna Group of Industries, the parent company of Unique Cement Industries Ltd in Bangladesh, has received the first HSBC Business Excellence Award for its special achievements and significant contribution to the country's socio-economic growth.   The award was received by Mostafa Kamal, chairman and managing director of Meghna Group of Industries, and former president of the Bangladesh Cement Manufacturers Association (BCMA).   HSBC awarded to eight organisations including Square Group (Tex...

LafargeHolcim Bangladesh signs agreement with Reckitt Benckiser

17 February 2020, Published under Cement News

LafargeHolcim Bangladesh Ltd (LHBL) has signed a corporate agreement with Reckitt Benckiser Bangladesh Ltd (RB). Under the agreement RB will take professional waste management services from Geocycle, a project of LafargeHolcim. Rajesh Surana, CEO, LHBL said: "With the expansion of industrial base and population growth in Bangladesh, larger volumes of waste are generated and there are only few proper waste management solutions available. With the only fully integrated cement plant of the cou...

Bangladesh extends bid dates for Payra coal/bulk terminal

12 February 2020, Published under Cement News

Payra Port Authority (PPA), under the Ministry of Shipping, Government of Bangladesh, has extended the last date to receive bids from international/local firms to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, through public private partnership basis (PPP) in Southern Bangladesh.   Bids are now due on 3 March instead of 17 February 2020, says project director in an announcement.   Through a new announcement, the port authority has re-invited the expertise of international ...

Cement exports from Bangladesh slide in 7MFY19-20

06 February 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$6.11m in the 7MFY19-20 (July 2019-January 2020), compared to US$6.55m earned in 7MFY18-19, a contraction of 6.7 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   However, the export value for cement increased by 0.5 per cent above the the 7MFY19-20 government target of US$6.08m.   The EPB had set a lower export target for the...

LafargeHolcim Bangladesh Ltd targets becoming a complete building material solutions provider

22 January 2020, Published under Cement News

As LafargeHolcim Bangladesh has successfully completed its amalgamation with Holcim Cement (Bangladesh) Ltd last year, Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, said the company is now working to transform the integrated company as a building material solutions provider from a cement company. "The integration of two most premium and globally-reputed companies has lots of synergies and benefits, so it plans to build on strengths of both the companies and provide the customers with ...

Cement exports from Bangladesh continue to fall in 1HFY19-20

13 January 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$5.03m during first six months of the current financial year, FY19-20, compared to US$5.75m earned in 1HFY18-19, a fall of 12.5 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   The export value for cement fell 1.6 per cent below the target of US$5.11m, set by the government for first five months of FY19-20.   The EPB had set ...

HeidelbergCement Bangladesh calls EGM to approve amalgamation

08 January 2020, Published under Cement News

HeidelbergCement Bangladesh Ltd has further updated all concerned stakeholders and investors about its ongoing scheme of amalgamation though the Dhaka Stock Exchange (DSE).   In a stock filing, the company says that furtther to their earlier news disseminated by the DSE on 26 December 2019 regarding seeking court approval for amalgamation with Meghna Energy Ltd, the Board of Directors has decided to hold an EGM to get approval of the scheme of amalgamation for merger of Meghna Energy Ltd wi...

Bangladesh updates plan for coal/bulk terminal

07 January 2020, Published under Cement News

Payra Port Authority (PPA), under the Bangladeshi Ministry of Shipping, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, as a public-private partnership project. Through a new announcement, the port authority has re-invited the expertise of international experts or consortiums to participate in proposed project. The successful bidders will design, build, finance, operate and maintain the coal/bulk terminal and transfer it to Payra Port Authority, based on the te...