Cement News tagged under: Bangladesh

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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.

Confidence Cement to commission new plant end-December

29 November 2017, Published under Cement News

Confidence Cement will commission its new cement plant in Bangladesh at the end of December, doubling the  company’s total cement capacity to 4500tpd. The new works will help to meet the country’s increasing cement demand, which is expected to surpass the 25Mt mark in 2018, according to The Global Cement Report, 12th Edition. Bangladesh aspires to become a middle-income country by 2021 and sustained growth in recent years has seen its infrastructure deficit widen. Through the Seventh ...

Vietnam 10M17 exports rise 23% YoY

16 November 2017, Published under Cement News

Total cement exports from Vietnam rose to 15.12Mt in the first 10 months of 2017, representing a 22.9 per cent YoY increase. The country’s export earnings were up 13.9 per cent when compared with the year-ago period, reaching US$532.4m, according to the Ministry of Industry and Trade. Bangladesh, the Philippines, Taiwan and Peru were among major importers of Vietnamese clinker and cement, taking a 74.8 per cent share of the country’s total cement and clinker exports in the period. Ban...

Lafarge Surma calls for a revaluation of Holcim shares to complete its merger

25 October 2017, Published under Cement News

Lafarge Surma Cement (now LafargeHolcim Bangladesh Ltd) has appealed to Bangladesh Bank to review its valuation of the Holcim share price, which the French cement maker says has been significantly undervalued by the central bank. In December 2016 Lafarge Surma signed an agreement with the Amsterdam-based Holderfin to purchase its holdings of Holcim Cement Bangladesh for BDT9360m (US$117m). Each of Holcim's 88,244 shares was valued at US$1325.88 (BDT106,000). But since then, the centr...

HeidelbergCement to invest in Bangladesh grinding mill

12 October 2017, Published under Cement News

HeidelbergCement is set to invest BDT925.3m (US$112m) of its own funds in a new grinding mill at its 1.075Mta Kanchpur plant in Bangladesh. The new mill will add 472,000tpa to the company's total existing cement capacity of 2.5Mta, located in production facilities in Chittagong and Kanchpur. The mill is the latest investment of the Germany-based cement producer in Bangladesh. To date the company has invested around US$100m in the country and currently meets 13 per cent of domestic cement...

HeidelbergCement Bangladesh records profit fall in 1H17

31 July 2017, Published under Cement News

In the second quarter of 2017, HeidelbergCement Bangladesh saw sales fall to BDT2.791bn (US$34.6m) from BDT3.114bn in 2Q16. Warehousing, distribution and selling expenses fell from BDT112.2m in 2Q16 to BDT110m in 2Q17 while administrative expenses increased from BDT130.8m to BDT131.8m over the period. Net profit declined from BDT508m in April-June 2016 to BDT361.8m in April-June 2017. For the first half of 2017, company sales also declined to BDT5.89bn from BDT6.67bn in the 1HFY16.  Th...

FLSmidth to deliver Bangladesh grinding line

11 July 2017, Published under Cement News

FLSmidth has signed an engineering, procurement and supply of equipment contract with Meghna Cement Mills for a cement grinding unit at the producer’s existing cement line in Mongla, Bangladesh. The grinding unit will produce 415tph Portland composite cement at 3800 Blaine. The contract includes a range of equipment, including FLSmidth OK TM   54-6 mill, planetary gear unit from FLSmidth MAAG Gear, fabric filters from FLSmidth Airtech, weigh feeders from FLSmidth Pfister and a plant control...

Bangladeshi exports earn US$9.58m in 11MFY16-17

07 July 2017, Published under Cement News

The Bangladeshi cement industry earned an export revenue of US$9.58m during the first 11 months of FY16-17 compared to US$1.85m in corresponding months in a year ago. The export figure also includes a minor amount of salt, stone and related products, but the country’s export promotion bureau has welcomed the rise in cement exports. The figure substantially exceeds the government’s export target of US$2m for FY16-17, slightly down YoY from US$2.17m. India is the main destination of Ba...

Delays in offloading clinker at Chittagong following marine incident

29 June 2017, Published under Cement News

Delays in the offloading of clinker have been experienced at Bangladesh's Chittagong Port after bulk carrier Ocean Phoenix, laden with 45,000t of clinker on board, started to drift on the outer anchorage, after her anchor dragged. The vessel then made contact with the anchored stern of bulk carrier Green Phoenix, which was also loaded with 54,500t of clinker. Both vessels sustained damages, and are being surveyed and repaired followed by complete offloading, according to industry sources ...

Aman Group inaugurates second grinding mill

24 May 2017, Published under Cement News

Bangladesh’s Minister of Commerce, Tofail Ahmed, has inaugurated the Aman Group’s second grinding unit which is situated in Narayanganj, near the capital city of Dhaka. Loesche reported earlier this year that it has supplied a LM 56.3+3 CS vertical roller mill for the facility, named Aman Cement Mills Unit-2. The VRM has the capacity to grind 240tph of Portland and composite cement clinker with a fineness of 3200Blaine, or 175tph of ground granulated blastfurnace slag with a fineness of 450...