Cement News tagged under: Bangladesh
Bangladesh producers seek advanced income tax refund of BDT7500m28 August 2020, Published under Cement NewsBangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recover some of their losses from the coronavirus pandemic. Previous attempts to seek similar demands in the national budget were turned down. "We need a fresh injection of capital to recover the losses incurred due to pandemic. We have fallen in capital shortage as well. So, the government should refund our adjustable fund... |
Bangladesh cement prices remain stable24 August 2020, Published under Cement NewsThe price of a 50kg bag of cement in Bangladesh is remaining stable after a sudden hike in 2019, according to The Financial Express. "Currently, we are selling a bag of cement at BDT400-440 (US$4.7-5.2) varying from one manufacturer to others," said Wahid Uz Zaman, a dealer in the city's green road. "People are now investing less on construction works, considering the disruptions in economic activities caused by the coronavirus pandemic," he said. "Our sales volume has dropped to one-t... |
Vietnamese export volumes rise 11% in the 7M2018 August 2020, Published under Cement NewsVietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic... |
VRM to Crown operations18 August 2020, Published under Cement NewsWhen Crown Cement identified the need to increase the cement capacity of its plant in Bangladesh it opted for vertical roller mill (VRM) technology from Loesche. With a range of VRM benefits, total grinding capacity has increased to 11,000tpd and has offered more product versality with local operating conditions in mind. By Masud Khan, Crown Cement Group, Bangladesh. Crown Cement saw several rounds of capacity upgrades with the latest such project starting in 2017 Vertical rolle... |
Bangladesh's raw material imports decline 13%11 August 2020, Published under Cement NewsThe value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin... |
Cement export from Bangladesh begins in July10 August 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$0.53m in July 2020, the first month of FY20-21, compared to US$0.66m bagged in July 2019. The weak start at the beginning of the new fiscal year reflects the fall in exports by 20 per cent over the year-ago period. The 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 decreased by 37 per cent, underperforming when compared wit... |
Bangladesh: overcoming industry pressures20 July 2020, Published under Cement NewsCement demand in Bangladesh has been growing fast and potential is strong. However, in 2019 producers faced a number of setbacks, added to which now is the COVID-19 impact. By EBL Securities Ltd, Bangladesh. Although a booming sector with great potential, a number of challenges remain for the cement producers in Bangladesh From unfavourable tax measures to escalating raw material prices, intensified competition, price wars, the weakening taka (BDT), slowing demand and increas... |
Cement exports from Bangladesh record a 12% fall in FY19-2008 July 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$9.14m in the FY19-20 (July 2019-June 2020), compared to US$10.41m bagged in 12MFY18-19, a significant contraction of 12.2 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 decreased by -13 per cent, underperforming when compared with the FY19-20 government target.The EPB had set a lower export target f... |
BCIC and EDII to build cement plant in Bangladesh01 July 2020, Published under Cement NewsBangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated Cement Co Ltd. The new plant will have a clinker capacity of 12,000tpd and a cement capacity of 3000tpd, based on the supply of limestone from Meghalaya, India. In addition to producing cement from its own clinker, the plant will also supply 4Mta of clinker to grinding units in Bangladesh. The project is expected t... |
Bashundhara Industrial Complex secures land for bagging factory30 June 2020, Published under Cement NewsBangladesh’s Bashundhara Industrial Complex has signed an agreement for 16 acres of land, located 1km away from Mongla port and another 20km away from the site of a proposed airport in Bagerhat. The company intends to use the land for the construction of a factory that will produce cement bags for its two cement plants. |