Cement News tagged under: Bangladesh

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Cemex sells its Bangladesh operations to Siam City

27 May 2016, Published under Cement News

Cemex has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement for approximately US$53m.The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

Bangladesh remains Vietnam's strongest export market

24 May 2016, Published under Cement News

From January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), Taiwan (US$10.67m), Mozambique (US$9.9m), and Chile (US$9.72m) are also major importers of Vietnamese cement. Vietnam's cement consumption in these four months was also very positive reaching 18.85Mt, representing an increase of 117.4 per cent YoY.

Bangladesh: FDI from Netherlands

20 May 2016, Published under Cement News

Bangladesh’s cement sector attracted foreign direct investment (FDI) of US$31.3m in 2015, according to a Bangladesh Central Bank report. This figure is up 41.5 per cent from that of 2014. The report showed that last year around half of the FDI in the cement sector came from The Netherlands, with investments also coming from Germany, Hong Kong, Switzerland, among others. According to a local research firm, the country’s cement production reached approximately 30Mt in 2015, against a demand ...

Semen Indonesia to invest US$2.2bn over next five years

16 May 2016, Published under Cement News

Semen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin...

Cemex divests of Bangladesh and Thailand units, potential sale of minority stake in Philippine assets

11 March 2016, Published under Cement News

Cemex announced yesterday that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Co for approximately US$53m. Meanwhile, Cemex's Philippine subsidiary has presented an application to Philippine authorities for the potential sale of a minority stake of assets in the southeast Asian country. Bangladesh and Thailand divestitures Proceeds obtained from the Bangladesh and Thailand transaction will be used mainly for debt reduction and for ...

Bangladesh: MI Cement eyes capacity expansion

09 December 2015, Published under Cement News

MI Cement Factory has set its sights on organic expansion through the construction of new capacity including its own clinker manufacturing plant over the next five years. The company, which produces cement under the Crown brand, plans to raise capacity from the present 6000tpd to 10,000tpd by the end of next year. Following on, it plans to increase capacity to 16,000tpd. “To reach the target, we will go for expansion with necessary investment,” Md Alamgir Kabir, additional managing director...

Confidence Cement plans expansion, Bangladesh

23 September 2015, Published under Cement News

Bangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year. Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capac...

Bangladesh: Lafarge Surma signs deal with real estate company

14 August 2015, Published under Cement News

Lafarge Surma Cement Ltd (LSC) has signed a Memorandum of Understanding (MoU) with Building Technology & Ideas Ltd (BTI), one of the leading real estate companies of Bangladesh. Under the agreement, BTI will use Supercrete cement in all its construction projects. Masud Khan, finance director of Lafarge Surma Cement Ltd, and Md Sharifur Rahman, executive director, Construction of BTI signed the agreement on behalf of their respective organisations at the Six Season Hotel in Gulshan. 

Vietnamese producer targets new export markets

04 June 2015, Published under Cement News

La Hien Cement JSC, a subsidiary of the Vietnam National Coal Mineral Industries Group (Vinacomin),  is seeking new export markets in Asia and Africa, an executive of the company said. According to Nguyen Van Dung, Director of the La Hien JSC, the company will seek new markets while securing its traditional markets including Thai Nguyen, Bac Kan and Lang Son provinces, the Vietnam News Agency reported. The company aims to ship its clinker to Bangladesh, the Philippines and a number of natio...

Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months

26 May 2015, Published under Cement News

Bangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma...