Cement News tagged under: Bangladesh

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Crown Cement commences construction of its 6th line

09 December 2022, Published under Cement News

Crown Cement PLC (formerly MI Cement Factory Ltd) has announced the commencement of construction work on its sixth line at the existing factory premises at West Mukterpur, Munshiganj, Bangladesh, with a capacity of 8000tpd to increase the overall capacity of the company from 11,000tpd to 19,000tpd. The investment amounts to BDT7.07bn (US$8.6m), according to the latest annual report 2021-22, released last week. No timeframe for the new line’s completion was reported. Chairman of the co...

Bangladesh's cement export revenue totals US$3.67m in 5MFY23

06 December 2022, Published under Cement News

During the first five months (July and November) of FY22-23 (July-June), Bangladesh's cement industry earned export revenue of US$3.67m on the export of cement mostly to Asian countries, compared to US$3.36m in the same five months last year. This translates to growth of 9.23 per cent YoY, but marks a shortfall of 11.14 per cent to meet the target of US$4.13m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the...

Aramit Cement Ltd posts loss in 1QFY23

21 November 2022, Published under Cement News

Aramit Cement Ltd of Bangladesh has announced its financial results for three months (July 2022 to September 2022) on 14 November 2022. It posted a net loss of BDT89.5m (US$0.879m) during these three months compared to a loss of BDT66.4m in the corresponding period last year, says Company Secretary Syed Kamruzzaman.   The company’s net sales decreased by 83.15 per cent to BDT50.17m from BDT297m, the top line recorded in the same quarter last year. Administrative expenses remained stag...

Bangladesh earns cement revenue of US$2.77m in 4MFY23

15 November 2022, Published under Cement News

During the first four months (July and October) of FY22-23 (July-June), Bangladesh exported cement worth US$2.77m compared to US$2.44m in the same four months last year. This translated to a growth of 15.42 per cent but was down on forecast (-16.06 per cent ) to reach the target of US$3.3m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set a...

HeidelbergCement Bangladesh sees rising sales cost in 9M22

26 October 2022, Published under Cement News

HeidelbergCement Bangladesh Ltd, owned by HeidelbergMaterials, announced its financial results for the 9M22 period on 18 October. It posted a loss of BDT241.3m (US$2.3m0 during this period compared to the profit of BDT558.5m earned in the corresponding period in the last year, according to the company’s regulatory filing to the local bourse. The company's net sales/revenue increased by 1.1 per cent to BDT12.80bn, but the cost of sales also increased to BDT12.22bn from BDT11.09bn ...

LafargeHolcim Bangladesh reports 9% sales growth in 9M22

21 October 2022, Published under Cement News

LafargeHolcim Bangladesh (LHBL), a joint venture between Holcim Group and Cementos Molins, has reported positive trends in net profit, net sales, operating profit and earnings per share during the first nine months of 2022, despite an unprecedented increase in raw material costs. The company saw a seven per cent rise in net profit during the 9M22 to BDT3.308bn (US$32.4m), compared to BDT3.089bn in the same period a year earlier. Net sales grew nine per cent to BDT16.987bn from BDT15.656...

Bangladesh cement exports rise 114% in July-August

20 September 2022, Published under Cement News

During the first two months - July and August – of FY22-23, Bangladesh cement exporters brought home an export revenue of US$1.65m on cement exports, which rose 114.29 per cent over the same months last year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared...

Bangladesh sees imports of raw materials rise

07 September 2022, Published under Cement News

The import of raw materials used in cement production has increased in recent months despite raw material prices increasing. In the July-August 2022 period a total of 5.12Mt of clinker, granulated slag, limestone, gypsum and fly ash were imported. The imports represent a value of BDT23.038bn (US$242.4m), up 34 per cent YoY. Clinker prices have increased 17.5 per cent YoY to US$62.14 on average. To safeguard profit margins cement producers have increased the price per bag on the back of a U...

Bangladesh expects a 15% growth in cement exports in FY22-23

12 August 2022, Published under Cement News

Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared to US$9.57m earned in FY21-22. This translates to expected growth of 15 per cent YoY, according to the Bangladesh Export Promotion Bureau (EPB) data. Meanwhile, the first month of FY22-23, ie July 2022, started with bringing home US$0.72m of earnings on account of cement exports, up by 94.6 per cent over the same month last year. The figur...

Bangladesh exports rise in FY22

06 July 2022, Published under Cement News

Bangladesh recorded the highest ever export of commodities, including cement, in FY21-22 (July 2021-June 2022). Bangladesh’s cement industry has earned export revenue of US$9.57m in FY21-22, compared to US$7.26m in the year-ago period. This export trend reflects growth of 31.8 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. The export value for cement increased by 19.6 per cent, sign...