Cement News tagged under: Bangladesh
Bangladesh likely to break cement export target in 12MFY23-2408 April 2024, Published under Cement NewsBangladesh recorded 48.7 per cent YoY growth in cement export revenue to US$14.39m in the first nine months of FY23-24 (July 2023-March 2024) from US$9.68m in the same corresponding months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone, and related products. The 28.6 per cent YoY rise in cement exports also surpassed the target of US$11.19m for the 9MFY23-24. Bangladesh had set a higher target export reven... |
Bangladesh cement export momentum continued in 8MFY23-2411 March 2024, Published under Cement NewsBangladesh has recorded a 51.9 per cent YoY growth in cement export revenue to US$12.35m in the first eight months of FY23-24 (July-February 2024) from US$8.13m in the same corresponding months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 24.1 per cent YoY rise in cement exports also surpassed the target of US$9.95m for 8MFY23-24. Bangladesh had set a higher target export reven... |
Holcim Block launched in Bangladesh05 March 2024, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) has launched its ‘Holcim Block’ to grab a share of Bangladesh's US$3bn domestic brick market. Around 150 manufacturers are making concrete blocks in different parts of the country. In a media statement, chief corporate affairs officer of LHBL, Asif Bhuiyan, said: “Concrete blocks are more environmentally friendly and durable than conventional bricks. Due to low carbon emissions during production, demand for these blocks is increasing worldwide.” Di... |
LafargeHolcim Bangladesh's profit jumped 34% in 202304 March 2024, Published under Cement NewsLafargeHolcim Bangladesh has reported that its sales grew 20 per cent YoY to BDT28.39bn (US$258.6m), and profit jumped 34 per cent to BDT5.94bn in 2023, compared to the previous year, it said in a media statement on 29 February. The company sales were BDT23.59bn, and the profit was BDT4.45bn in 2022. "The performance demonstrates the strength of our diverse product portfolio and strategic presence driven by innovative products, high-value solutions, digital footprint, and new channels," ... |
LafargeHolcim Bangladesh initiates plastic waste facility20 February 2024, Published under Cement NewsLafargeHolcim Bangladesh ( Holcim group ) and Sylhet City Corp (SCC) launched a joint initiative to install a material recovery facility at BDT153m (US$1.39m) to sustain plastic waste in Sylhet, eastern Bangladesh. This is the country’s first municipal solid waste and plastic waste segregation plant, enabling the automatic segregation of non-biodegradable plastic products. MD Tajul Islam, minister for local government, rural development and cooperatives (LGRD), recently inaugurated the fa... |
Crown Cement's net profits rise 649% in 1HFY23-2416 February 2024, Published under Cement NewsCrown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty surge in profit between July and December 2023 due to higher sales and other income from the shipping business. It earned a profit of BDT706.18m (US$6.436m) compared to BDT94.28m in July-December 2022, a YoY increase of 649 per cent. The company also attributed the expansion in profit to the rise in prices of cement bag... |
Confidence Cement’s net profit rises 25% in 1HFY23-2416 February 2024, Published under Cement NewsConfidence Cement PLC , Bangladesh’s leading cement manufacturer, recently announced its financial results on the Dhaka Stock Exchange (DSX). The company reported a profit after tax of BDT434.1m (US$3.96m) between July and December 2023 (six months) against a profit of BDT346.3m earned during the same period last year. This translates into a growth of 25.34 per cent in profit due to a fall in the cost of sales, less foreign currency exchange loss and deferred tax options. The company sal... |
Bangladesh cement export turns in double-digit 7MFY23-2407 February 2024, Published under Cement NewsBangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 21.1 per cent YoY rise in cement exports also surpassed the target of US$8.68m for 7MFY23-24. Bangladesh had set a higher target export revenue of US$... |
Premier Cement Mills' profit balloons in 2QFY23-2430 January 2024, Published under Cement NewsPremier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period of 2022-23, a YoY increase of 2833 per cent. Managing director of Premier Cement, Mohammed Amir... |
Crown Cement kicks start its sixth unit in Bangladesh16 January 2024, Published under Cement NewsMd Mozharul Islam, senior general manager and company secretary of Crown Cement, has announced that the company was able to finally start commercial production of its sixth unit earlier this month after deferring it several times. The announcement says that commercial production of the sixth unit of Crown Cement PLC, with a production capacity of 8280tpd installed at its factory premises in West Mukterpur, Munshiganj , will commence in January 2024 instead of its previous probable sch... |