Cement News tagged under: Bangladesh
Bangladesh forsees 11.2% growth in exports FY18/1924 August 2018, Published under Cement NewsBangladesh government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July) against US$12.59m from last fiscal year. The target is based on an expected growth of 11.20 per cent. According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry earned export revenues of US$1.09 during July 2018 compared to US$1.04m earned in the year-ago corresponding month. This equates to a 4.81 per cent increase in exports YoY. The export figur... |
Deshbandhu Group awards contract for 1500tpd plant10 August 2018, Published under Cement NewsGuangdong Power Engineering Co Ltd, an arm of Energy China, has won a contract to construct a 1500tpd cement plant for the Bangladesh-based Deshbandhu Group. The company is now seeking US$100m of funding for the project, which will likely be supplied by China’s policy banks and international policy banks, alongside the Bangladesh government and international bank consortiums, according to Inside International Industrials. |
HeidelbergCement Bangladesh to acquire Meghna Energy19 July 2018, Published under Cement NewsThe Board of Directors of the HeidelbergCement Bangladesh Ltd has approved the draft scheme of amalgamation of the Meghna Energy Ltd with the HeidelbergCement Bangladesh Ltd subject to sanction by the High Court Division of the Supreme Court of Bangladesh and approval of the same by the members of the Company and Meghna Energy Ltd. HeidelbergCement Bangladesh Ltd will acquire 4,056,457 shares (99.99 per cent) in Meghna Energy at an estimated consideration of BDT910m (US$10.77m). Out of whi... |
Bangladesh cement revenue continues to surge10 July 2018, Published under Cement NewsA growth of 17 per cent was recorded by Bangladesh's cement industry in export revenues during FY17-18 (July 2017-June 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$12.59m during FY17-18, compared to US$10.79m earned in the year-ago corresponding months. This represent a growth of over 16.68 per cent in exports YoY. The export figure also includes a minor amount of salt, stone and related products, but the country... |
New Bangladesh budget offers big projects for cement industry08 June 2018, Published under Cement NewsAMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of 7.4 per cent for fiscal 2017-18." Mr Muhith also announced provision of loans to the public for ... |
Siam City Cement becomes regional market leader07 June 2018, Published under Cement NewsSiam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i... |
Bangladesh cement exports rise by 24% in 11MFY17-1807 June 2018, Published under Cement NewsBangladesh's cement industry export revenues saw a growth of 24.01 per cent during the first 11 months of FY17-18 (July 2017-May 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$11.88m during the 11MFY17-18, compared to US$9.58m earned in the year-ago corresponding months. This represent a growth of over 24 per cent in exports YoY with India being the main destination for cement exports. The export figure also incl... |
Meghna Group joins WCA31 May 2018, Published under Cement NewsThe World Cement Association (WCA) welcomes Meghna Group of Industries, Unique Cement Industries Ltd, to its international membership. The company is one of Bangladesh's biggest conglomerates and will join as a Corporate Member. The association now boasts a network of 66 members and representatives that cover 36 countries. "We are delighted that an important player in the rapidly expanding Bangladeshi cement industry is joining our global network," said Norman Greig, WCA secretary general.... |
Bangladesh demand to grow 8-10%, but overcapacity to persist29 May 2018, Published under Cement NewsBangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2... |
LafargeHolcim replaces 17km-long conveyor15 May 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd has completed the replacement of its 17km-long conveyor belt in an effort to reduce noise emissions. The belt was originally installed in 2004 and connects its limestone mine in India to its plant in Surma, Bangladesh. The replacement project was completed in two phases and finished on 18 April, according to Harpal Singh, project head of operations at the Surma plant. "We have finished the replacement work one day ahead of the schedule," said Mr Singh. ... |