Cement News tagged under: Bangladesh

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Cement exports from Bangladesh slide in 7MFY19-20

06 February 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$6.11m in the 7MFY19-20 (July 2019-January 2020), compared to US$6.55m earned in 7MFY18-19, a contraction of 6.7 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   However, the export value for cement increased by 0.5 per cent above the the 7MFY19-20 government target of US$6.08m.   The EPB had set a lower export target for the...

LafargeHolcim Bangladesh Ltd targets becoming a complete building material solutions provider

22 January 2020, Published under Cement News

As LafargeHolcim Bangladesh has successfully completed its amalgamation with Holcim Cement (Bangladesh) Ltd last year, Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, said the company is now working to transform the integrated company as a building material solutions provider from a cement company. "The integration of two most premium and globally-reputed companies has lots of synergies and benefits, so it plans to build on strengths of both the companies and provide the customers with ...

Cement exports from Bangladesh continue to fall in 1HFY19-20

13 January 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$5.03m during first six months of the current financial year, FY19-20, compared to US$5.75m earned in 1HFY18-19, a fall of 12.5 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   The export value for cement fell 1.6 per cent below the target of US$5.11m, set by the government for first five months of FY19-20.   The EPB had set ...

HeidelbergCement Bangladesh calls EGM to approve amalgamation

08 January 2020, Published under Cement News

HeidelbergCement Bangladesh Ltd has further updated all concerned stakeholders and investors about its ongoing scheme of amalgamation though the Dhaka Stock Exchange (DSE).   In a stock filing, the company says that furtther to their earlier news disseminated by the DSE on 26 December 2019 regarding seeking court approval for amalgamation with Meghna Energy Ltd, the Board of Directors has decided to hold an EGM to get approval of the scheme of amalgamation for merger of Meghna Energy Ltd wi...

Bangladesh updates plan for coal/bulk terminal

07 January 2020, Published under Cement News

Payra Port Authority (PPA), under the Bangladeshi Ministry of Shipping, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, as a public-private partnership project. Through a new announcement, the port authority has re-invited the expertise of international experts or consortiums to participate in proposed project. The successful bidders will design, build, finance, operate and maintain the coal/bulk terminal and transfer it to Payra Port Authority, based on the te...

Work starts to salvage Bangladesh clinker vessel

06 January 2020, Published under Cement News

The Bangladesh authorities have started the salvage operation of a partly capsized clinker-laden cargo vessel called Md Dudu Mia-1, in Kirtankhola river, in the country earlier this week. According to some media reports, a 25-member team started removing the clinker from the capsized cargo Md Dudu Mia-1. The cargo sunk in Kirtankhola river, near Barishal Port, after it collided with Dhaka-bound passenger launch MV Shahrukh-2, which was travelling from Barguna on 14 December 2019. After the ...

HeidelbergCement Bangladesh seeks court approval for amalgamation

02 January 2020, Published under Cement News

HeidelbergCement Bangladesh Ltd has updated Dhaka Stock Exchange last week about seeking court approval for amalgamation with Meghna Energy Ltd. The company's notification says, "Refer to their earlier news disseminated by DSE on 18.07.2018 regarding amalgamation with Meghna Energy Ltd; the company has further informed that they have jointly presented an application under Sections 228 and 229 of the Companies Act, 1994, being Company Matter No 308 of 2019 seeking sanction of the Honourable ...

Bangladesh cuts AIT to 3%

24 December 2019, Published under Cement News

Bangladesh’s government has reduced the rate of advance income tax (AIT) on the import of cement raw materials from five to three per cent, according to The Financial Express. The National Board of Revenue issued a statutory regulatory order following a demand by cement producers, who had demanded a full waiver of AIT. "The cut reflects that the government has realised the problem of the sector," Bangladesh Cement Manufacturers Association (BCMA) President, Mohammed Alamgir Kabir, said i...

Booming Bangladesh

13 December 2019, Published under Cement News

This week, CemNet reported that MI Cement Factory in Bangladesh expects the domestic cement sector to grow by 10 per cent in 2019 and should also reach double-digit growth in 2020. The country is embarking on some major infrastructure projects, especially around Dhaka and Chittagong, which will drive up consumption in the medium term. With the country's urbanisation at 37 per cent and per capita consumption only around 164kg – only just more than neighbouring Myanmar (141kg) but lower...

Imports into Bangladesh fall in FY20-19

09 December 2019, Published under Cement News

Imports of clinker and cement into Bangladesh fell from US$776m in FY17-18 to US$643m, according to the FY18-19 Financial Survey, released by the country's Ministry of Finance. However, the latest financial year's figures are likely to be revised after receipt of the final import data. Imports have shown a mixed trend in the last five years. They fell from US$638m in FY14-15 to US$574m the following year but picked up in FY16-17 to US$644m. Cement producers in Bangladesh import clinker...