Cement News tagged under: Bangladesh Cement Manufacturers Association
BCMA re-elects Kabir as President for two years28 September 2023, Published under Cement NewsMD Alamgir Kabir has been re-elected as President of the Bangladesh Cement Manufacturers Association (BCMA) for 2023-24 and 2024-25 during the 22nd and 23rd AGMs held in Dhaka on 26 September. He is sponsor director and vice chairman of MI Cement Factory Ltd and has over three decades of business experience in the trading and manufacturing sectors. At present, he is also chairman of GPH Ispat Ltd and MD of Crown Cement Concrete and Building Products Ltd. In addition he holds director... |
Bangladesh’s clinker imports more expensive in new budget FY23-2405 June 2023, Published under Cement NewsBangladesh Minister for Finance, AHM Mustafa Kamal, presented National Budget Speech 2023-24 (July-June) in parliament on 1 June and made some tax measures on the cement industry. The measures are detrimental to the cement industry as they will raise the import cost of clinker and the price of cement bags in Bangladesh, according to local experts. Increase duty on clinker imports The minister proposed that the specific duty of only BDT500/t (US$4.66/t) currently in force for import... |
Bangladesh cement producers seek extension to loan moratorium30 December 2020, Published under Cement NewsCement 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 calls for 60% cut in duties on clinker imports10 June 2020, Published under Cement NewsThe Bangladesh Cement Manufacturers' Association (BCMA) has issued a call for the government to cut import duties of clinker by 60 per cent. "We had zero sales during the countrywide closure in the last two and a half months," said Md Alamgir Kabir, president of BCMA. "So for our survival we need the import duty on clinker, the sector's major raw material, to be brought down to BDT200/t from the existing BDT500/t." The sector counted a loss of around BDT6bn from 26 March to 30 May, accord... |
BCMA reports 46% fall in domestic cement sales18 May 2020, Published under Cement NewsThe current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement Manufacturers Association (BCMA). Cement sales dropped around 46 per cent in April following serious disruption in construction, according to the BCMA. The manufacturers saw a severe fall in sales, despite expecting double-digit growth in 2020 after achieving above seven per cent growth in previous year. BCMA Presid... |
Bangladesh cement producers look for relief in coming budget30 May 2019, Published under Cement NewsThe Bangladesh Association of Construction Industry and Bangladesh Cement Manufacturers Association have submitted their demands for the incorporation in the coming July 2019-June 2020 government budget for the progress of the construction and cement industry. Bangladesh's budget is likely to be presented in Parliament on 13 June 2019. Construction sector representatives and trade bodies have urged that the government should not impose any new tax, duty or value-added tax on the constructi... |
Bangladesh Cement Manufacturers Association appoints new president08 May 2019, Published under Cement NewsBangladesh Cement Manufacturers Association (BCMA) has elected Muhammad Alamgir Kabir, managing director of Crown Cement as its new president for the next two years, according to BDNews24. Muhammad Shahidullah, managing director of Metorcem Cement Ltd and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been elected the first and second vice-president, respectively. The other members of the new committee are Treasurer Faizur Rahman Baku... |
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