Cement News tagged under: Bangladesh

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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...

Bangladesh cement producers seek extension to loan moratorium

30 December 2020, Published under Cement News

Cement makers in Bangladesh have pleaded for a loan moratorium until the end of June 2021. If extended, the industry, as well as the economy, could strongly recover from the pandemic's fallout, said the letter dated December 22 from the Bangladesh Cement Manufacturers Association (BCMA) to the Bangladesh Bank (BB). The request to extend the ongoing moratorium period on the payment of loan instalments by another six months would cushion the cement producers as they fight the economic fallo...

BCMA expects market pick-up in 1Q21

24 December 2020, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) expects cement demand to resume growth by the 1Q21. Between January-August 2020 the cement sector contracted by 7.7 per cent as the impact of the coronavirus was felt throughout the economy. “Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). In the first five months of 2020, cement sales fell by 13 per...

Mega construction projects boost Bangladesh's cement demand

11 December 2020, Published under Cement News

The long-awaited Padma Bridge is nearing its completion after the final span of the 'dream bridge' was installed almost six years after the construction work began in Bangladesh. The bridge’s construction and five other megaprojects have stimulated growth in the country’s construction and cement industry.    The Director of Brand Marketing of Abdul Khair Group, Naushad Chowdhury, and the Director of Operations of Shah Cement Industries Ltd, Hafiz Sikander, have announced that the Shah C...

Cement export revenue falls during 5MFY20-21 in Bangladesh

07 December 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 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 decreased by 28.4 per cent, underperforming when compared with the government target set for the period. ...

LafargeHolcim launch water-resistant cement in Bangladesh

30 November 2020, Published under Cement News

LafargeHolcim Bangladesh has launched its Holcim Water project, a customised solution of water-resistant cement for the local cement market. The specially-designed cement reduces capillary action by resisting the permeation of water to make the product damp and seepage resistant. "This product has been developed through continuous consumer engagement, research and understanding of the damaging impact of water on houses," said Rajesh Surana, CEO of LafargeHolcim Bangladesh.

Clinker handling resumes in Bangladesh

23 October 2020, Published under Cement News

Handling of imported clinker and other raw materials for cement industry resumed at the ports of Chittagong and Mongla, Bangladesh, following the withdrawal of indefinite strike by workers of goods-carrying river vessels on Thursday.  This was announced after the vessel owners assured them of giving food allowance, as they demanded during a meeting with State Minister for Labour and Employment, Begum Monnujan Sufian, at the secretariat on the evening of 22 October.   Around 200,000...

Bangladesh suspends unloading of imported clinker

22 October 2020, Published under Cement News

The unloading of imported clinker and other commodities in Chittagong and Mongla ports in Bangladesh remains suspended due to an indefinite strike called by Water Transport Workers for the last two days. As a result, offloading from 20 foreign vessels laden with 0.91Mt of clinker, one vessel with 55,000t of gypsum and four ships with 224,598t of limestone at Chittagong Port is being delayed. At Mongla Port two ships were laden with clinker, one each with slag and coal cargoes are waiti...

LafargeHolcim Bangladesh posts 3% increase in net sales

16 October 2020, Published under Cement News

LafargeHolcim Bangladesh recorded a three per cent rise in net sales during the third quarter of this year, increasing to BDT3.655bn (US$43.09m) from BDT3.558bn in the 3Q19. "Our efforts on health, cost and cash have ensured that we stay focused during the crisis while our fast progress on digital helped us being effective in the market place" said Rajesh Kumar Surana, CEO and country representative. Profit after tax advanced 71 per cent to BDT654m for the 3Q20, compared to BDT381m in ...