Cement News tagged under: Bangladesh

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Cement exports from Bangladesh continue to slide in 8MFY19-20

11 March 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$7.19m in the 8MFY19-20 (July 2019-February 2020), compared to US$7.27m earned in 8MFY18-19, a minor contraction of 1.1 per cent YoY. The export figure also includes a small amount of salt, stone and related products, according to the data of Bangladesh Export Promotion Bureau (EPB). However, the export value for cement increased by 3.6 per cent above the 8MFY19-20 government target of US$6.94m during this export period. The EP...

Bangladesh suspends coal discharge in fear of coronavirus

10 March 2020, Published under Cement News

Bangladesh has suspended offloading of imported coal from a foreign flag vessel due to suspicion of coronavirus in crew, at Mongla port in southern Bangladesh last week. According to theport authority the offloading of coal from bulk carrier Serenitas N was stopped on  at berth number H- 3 of Mongla Port on 5 March as three sailors of the vessel were taken into an isolation ward for having a body temperature that exceeded the normal range. The vessel had sailed from the Lianyungang port in...

LafargeHolcim Bangladesh profits grow in 2019

09 March 2020, Published under Cement News

LafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018.  This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ...

MGI Group of Bangladesh sets up nine industrial units, including cement

06 March 2020, Published under Cement News

Meghna Group of Industries (MGI), a leading Bangladeshi business group inaugurated last week nine newly-built industrial units, including cement plants, at its economic zone in the Narayanganj district, Dhaka of Bangladesh. A group announcement said, "We are much obliged to the distinguished guests, patrons and well-wishers for their unconditional support to our cause." The Finance Minister of Bangladesh, A H M Mustafa Kamal, was the chief guest of the inauguration programme. Minister of Co...

Cementos Molins reports 5% rise in net profit for 2019

28 February 2020, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr...

Lesser sales hit profit of Kohat Cement in 1HFY19-20

27 February 2020, Published under Cement News

Kohat Cement Co Ltd (KOHC) has reported a YoY drop of 93.6 per cent in profit for the half year ended 31 December 2019. It reported a profit after tax of PKR97m (US$0.62m) compared to PKR1.526bn in the corresponding period last year. The fall in profit is attributed to a decrease in sales, which fell by 28.2 per cent to PKR6.021bn during this period from PKR8.391bn in the year-ago period. It also reported a distribution cost of PKR30m against PKR43m in 1HFY19-20l, while administrative exp...

Bangladesh's Meghna Group receives HSBC award

27 February 2020, Published under Cement News

Meghna Group of Industries, the parent company of Unique Cement Industries Ltd in Bangladesh, has received the first HSBC Business Excellence Award for its special achievements and significant contribution to the country's socio-economic growth.   The award was received by Mostafa Kamal, chairman and managing director of Meghna Group of Industries, and former president of the Bangladesh Cement Manufacturers Association (BCMA).   HSBC awarded to eight organisations including Square Group (Tex...

LafargeHolcim Bangladesh signs agreement with Reckitt Benckiser

17 February 2020, Published under Cement News

LafargeHolcim Bangladesh Ltd (LHBL) has signed a corporate agreement with Reckitt Benckiser Bangladesh Ltd (RB). Under the agreement RB will take professional waste management services from Geocycle, a project of LafargeHolcim. Rajesh Surana, CEO, LHBL said: "With the expansion of industrial base and population growth in Bangladesh, larger volumes of waste are generated and there are only few proper waste management solutions available. With the only fully integrated cement plant of the cou...

Bangladesh extends bid dates for Payra coal/bulk terminal

12 February 2020, Published under Cement News

Payra Port Authority (PPA), under the Ministry of Shipping, Government of Bangladesh, has extended the last date to receive bids from international/local firms to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, through public private partnership basis (PPP) in Southern Bangladesh.   Bids are now due on 3 March instead of 17 February 2020, says project director in an announcement.   Through a new announcement, the port authority has re-invited the expertise of international ...

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...