Cement News tagged under: Bangladesh

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Booming Bangladesh

13 December 2019, Published under Cement News

This week, CemNet reported that MI Cement Factory in Bangladesh expects the domestic cement sector to grow by 10 per cent in 2019 and should also reach double-digit growth in 2020. The country is embarking on some major infrastructure projects, especially around Dhaka and Chittagong, which will drive up consumption in the medium term. With the country's urbanisation at 37 per cent and per capita consumption only around 164kg – only just more than neighbouring Myanmar (141kg) but lower...

Imports into Bangladesh fall in FY20-19

09 December 2019, Published under Cement News

Imports of clinker and cement into Bangladesh fell from US$776m in FY17-18 to US$643m, according to the FY18-19 Financial Survey, released by the country's Ministry of Finance. However, the latest financial year's figures are likely to be revised after receipt of the final import data. Imports have shown a mixed trend in the last five years. They fell from US$638m in FY14-15 to US$574m the following year but picked up in FY16-17 to US$644m. Cement producers in Bangladesh import clinker...

Cement export from Bangladesh falls in 5MFY19-20

06 December 2019, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$4.08m during July-November 2019, compared to US$4.92m earned in same period last year. This translates a fall of 17.1 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 2.2 per cent below the target of US$4.17m, set by the government for first five months of FY19-20.   The EPB had set an expor...

BCMA requests the removal of non-adjustable income tax

02 December 2019, Published under Cement News

The leaders of the Bangladesh Cement Manufacturers Association (BCMA) have requested the waiver of an eight per cent non-adjustable advance income tax (AIT) imposed on imported raw materials and the supply of products, according to The Financial Express. "The gross profit of the cement manufacturing industry declined compared to previous years. It will be a question of survival if the eight per cent AIT is not waived," said Mohammed Alamgir Kabir, the president of the BCMA. Mr Kabir st...

Metrocem appoint new Chief Marketing Officer

27 November 2019, Published under Cement News

Khandker Ataur Rahman Rifat has joined as group chief marketing officer (CMO) of Metrocem of Bangladesh. According to company updates, he has 25 years of experience in the cement industry.   Mr Rifat previously worked as a key figure in Aman Cement Mills Ltd as CMO (July, 2016 to November, 2019), Holcim Cement as GM (January, 2015 to April, 2016), Unique Cement Ltd as Sr GM (2003 to 2014), Cemex Cement (BD) Ltd as ASM (November, 2000 to October, 2003) and Hyundai Cement Ltd (February, 1995-...

Premier Cement's two new plants ready for trial operation

18 November 2019, Published under Cement News

Bangladesh-based Premier Cement is on track to complete its expansion plans by March 2020. The project was first announced in 2017 on the back of a forecast surge in demand for 2021. "We have constructed two more units in Narayanganj and Chattogram involving BDT13bn (US$153.5m)," said Mohammed Amirul Haque, managing director, to The Daily Star. The unit in Narayanganj represents an investment of INR8bn and the Chattogram facility claims the remainder. Both of the projects are currently rea...

Bengal Cement signs agreement with Hyundai Development Co

18 November 2019, Published under Cement News

Bangladeshi cement producer Bengal Cement Ltd signed an agreement with Hyundai Development Co to supply cement for the US$63m “Super-Specialised Hospital under BMSMMU” project of Bangabandhu Sheikh Mujib Medical University, Shahbag. The 700-bed hospital will be completed on a 53,000m 2 site and provide the largest medical service system in Bangladesh. Bengal Cement Ltd, part of the Bengal Group of Industries, operates a 1.4Mta cement plant at Baradi, Sonargaon.

Cement export from Bangladesh continues to slide in 4MFY19-20

15 November 2019, Published under Cement News

According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned an export revenue of US$3.18m between July and October 2019-20 compared to US$3.94m earned in same period last year. This translates a fall of 19.3 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products.   The export value for cement fell 3.9 per cent below the target of US$3.31, set by the government for first four months of FY19-20.   The EPB had se...

Heidelberg Cement Bangladesh announces acquisition of ECBL & EPCL

13 November 2019, Published under Cement News

Heidelberg Cement Bangladesh Ltd has informed the Dhaka Stock Exchange that the company's Board of Directors has approved the acquisition of 100 per cent of the shareholding of Emirates Cement Bangladesh Ltd (a private company limited by shares incorporated in Bangladesh and engaged in cement production) and Emirates Power Co Ltd (a private company limited by shares incorporated in Bangladesh and engaged in generating and supplying electricity) from UltraTech Cement Middle East Investments L...

MI Cement announces formation of the three subsidiary companies

13 November 2019, Published under Cement News

MI Cement Factory Ltd, manufacturer of cement in Bangladesh has informed that the Board of Directors of the company has approved formation of the three subsidiary companies fully owned by MI Cement Factory Ltd namely, Ocean Voyager Shipping Lines Ltd, Ocean Victory Shipping Lines Ltd and Ocean Vision Shipping Lines Ltd.   According to a notification of MI Cement Factory Ltd to the Dhaka Stock Exchange, the Board of Directors of thecompany has also approved transfer of the three motor vessel...