Cement News tagged under: Bangladesh

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Bangladesh cement profitability falls in 1Q18

08 May 2018, Published under Cement News

The Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of listed cement companies at the Dhaka Stock Exchange declined moderately for January-March quarter of 2018 as compared to the same period of the previous year as profit margins were squeezed. Cement companies saw tighter margins due several factors, including higher raw material prices, while cement prices have not incre...

Bangladesh plans dry-process conversion at Chhatak

03 April 2018, Published under Cement News

Bangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries, is still looking for an engineering and construction contractor to convert the Chhatak cement plant into a dry-process plant in northeast Bangladesh. To allow more time for international companies to submit their bids, BCIC has extended bid due date to 23 April 2018.   The Chhatak factory was established in 1937 by Assam Bengal Cement Company at Chhatak Upazila in Sunamgonj district.   Acco...

Cement exports from Bangladesh on the rise

19 March 2018, Published under Cement News

Bangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau has appreciated the ...

Vessel transporting 1050t of clinker sinks in Bangladesh

19 March 2018, Published under Cement News

A vessel transporting 1050t of clinker to Khulna, Bangladesh, sank on Thursday after a crack appeared in its hull. While 11 crew members were on board at the time, all were rescued by locals. "We felt something was wrong in the vessel from the beginning of the journey, that’s why we tried to speed up and anchor here," said Rabiul Islam, master of the ship. Crew members have commented on the potential negligence of the appropriate authorities who noticed the fault but did not unload the...

BCIC plans dry-process conversion at Chhatak plant

07 February 2018, Published under Cement News

Bangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries,  is planning to convert a wet-process production line to dry-process at Chhatak Cement Company Ltd (CCCL) in northeast Bangladesh. The Chhatak factory was established in 1937 by Assam Bengal Cement Company at Chhatak Upazila in Sunamgonj district. According to BCIC’s announcement, the 1500tpd clinker and 500tpd cement project includes hiring of ECC contractor for design, engineering, proc...

Confidence Cement plans new Palash plant

01 February 2018, Published under Cement News

Confidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka. Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors. The Company has also informed that the Board of Directors have agreed to invest in the new Power Plan...

Gas supply deal with LafargeHolcim reported to impact Bangladeshi industry

18 January 2018, Published under Cement News

Specialists have raised the red flag over the Bangladeshi government's gas supply deal with LafargeHolcim Ltd as the 20-year agreement has been threatening the competitive advantage of local cement manufacturers, reports the Daily Sun. Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL) signed the gas supply agreement with the cement major in 2003, but in view of current gas shortages in Bangladeshi households and industries, the government decided on 16 January to review the d...

Lafarge completes Holcim shares acquisition

09 January 2018, Published under Cement News

Lafarge Surma Cement Ltd (LSCL) has completed the required documents to transfer the shares of Holcim Bangladesh Ltd (HBL) to LafargeHolcim Bangladesh Ltd. The step was part of the acquisition of HBL at a price set by the Bangladesh Bank, which announced a price of BDT5.05bn (US$60.8m) on 24 December 2017.

LafargeHolcim

03 January 2018, Published under Cement News

The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing in a US$140Mta cement works that it is building in Nepal.  Lafarge Malaysia’s turnover came down by some 13 per cent to US$409.5m in the first nine months of 2017, while a net loss of US$33.1m was incurred, compared with a US$10.5m profit for the same period last year. The company lost money in each of the quarters of this year and a return to profit is not expected until the middle of next year. LafargeHolcim A...

Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m

28 December 2017, Published under Cement News

Cementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Molins was previously a joint venture partner in Bangladesh with Lafarge.