Cement News tagged under: Bangladesh

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Siam City Cement acquires Cemex Bangladesh

28 July 2016, Published under Cement News

Siam City Cement, one of Thailand’s largest cement producers, acquired Cemex Cement Bangladesh Ltd on Tuesday. The Cemex operations are now known as Siam City Cement (Bangaldesh) Ltd. A statement released by the company read, “Siam City Cement (Bangladesh) Limited aspires to bring regional experiences from the past and would like to shake hands with the potential prospects of the Bangladeshi Cement market. It believes in cementing relationship with all the relevant stakeholders and would l...

Bangladesh: Premier Cement expansion plan

25 July 2016, Published under Cement News

Premier Cement Mills Ltd has plans to more than double its production capacity, with an approximate investment of BDT4bn (US$51m). Current production capacity stands at 6000tpd and will be increased to 16,000tpd. Of the BDT4bn investment, BDT2.09bn (US$26.7m) will be used for equipment and machinery import, and the remaining BDT1.91bn (US$24.4m) for construction and other local purposes. The expansion is scheduled to be completed by 2018.

Bangladesh seeks duty-free export to Nepal

01 July 2016, Published under Cement News

In an attempt to boost bilateral trade, the Bangladeshi government is discussing the possibility of duty-free export of cement and other commodities with the Nepalese government. In total, Bangladesh has demanded duty-free access of 56 items and commodities to Nepal, including cement, construction materials, plastic goods and certain food items. In return Nepal demanded duty-free import of machine-processed writing paper, according to the Ministry of Commerce. According to official Nep...

Indonesia: Semen Indonesia looks to international markets

21 June 2016, Published under Cement News

Amid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam.  ...

Bangladesh: MI Cement opts for Loesche slag grinding mill

13 June 2016, Published under Cement News

MI Cement Factory Ltd, based in Dhaka, Bangladesh, has awarded Loesche the contract for the Munshigonj cement plant. The Munshigonj cement plant is a brownfield project. To grind the blast furnace slag to a fineness of 4000 cm 2 /g Blaine, the customer will use a Loesche mill. For the main components of the scope of supply, a lead time of seven months after signing the contract is scheduled and the gearbox is to be supplied to Bangladesh in nine months. Commissioning of the Loesche mil...


02 June 2016, Published under Cement News

Cemex has completed the sale of its operations in Thailand and Bangladesh to Siam City Cement for some US$53m. These operations consist of an integrated cement works near Bangkok with a capacity of 0.6Mta and a grinding centre at Nagarangonj in Bangladesh with a capacity of 0.52Mta.

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...