Cement News tagged under: Bangladesh
Bangladesh cement exports surpass target by 20.7% in 9MFY2305 April 2023, Published under Cement NewsBangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier. The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For th... |
Bangladesh reports 50% increase in cement export revenue09 March 2023, Published under Cement NewsBangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For the full FY22-23, ending 31 June 2023, Bangladesh has set an cement export revenue target o... |
Mir Cement to increase capacity by 202422 February 2023, Published under Cement NewsBangladesh’s Mir Cement has announced plans to raise its production capacity to 5000tpd by 2024. According to New Age Business, the company, which currently produces ordinary Portland cement and Portland pozzolana cement, has seen its capacity expand from 600tpd in 2003 to 2400tpd by 2018. As production has increased, the company has reportedly invested in dust guards to prevent dust being released into the atmosphere and has also opted not to use coal-based heating systems to reduce it... |
Confidence Cement issues shares for two new projects20 February 2023, Published under Cement NewsBangladesh-based Confidence Cement is planning to issue convertible preference shares worth BDT1500m (US$14.2m) to invest in associate companies and to repay a portion of its long-term loans. According to The Business Standard, the shares will be converted at a 20 per cent annual rate, and in five years the preferred shares will be fully converted into ordinary shares. “The preference share proceeds will be invested in two projects,” Imran Karim, vice chairman of Confidence Cement told T... |
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-2309 January 2023, Published under Cement NewsDuring the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Banglad... |
Bangladesh and Saudi Arabian JV cement plant in doubt04 January 2023, Published under Cement NewsState-owned Bangladesh Chemical Industries Corp (BCIC) has threatened to withdraw from a Saudi-Bangladesh joint venture under which a cement factory is to be built in Sylhet's Chhatak borough, Bangladesh. In a recent letter to the Ministry of Industries, BCIC has sought the pull out of the joint venture as it found irregularities, cost escalation and anomalies by their counterpart. The deal for the joint venture between the two countries was signed during Prime Minister Sheikh Hasina'... |
The rise of Bangladesh's clinker imports21 December 2022, Published under Cement NewsBangladesh’s cement industry is expanding with clinker imports rising for the last five fiscal years. According to the Chittagong Port Authority (CPA), the main seaport of Bangladesh, the authority handled 35.130Mt of clinker imports in the financial year 2021-22 (July–June), compared to 33.297Mt in the year-ago period, marking growth of 5.52 per cent. This compares to 21.49Mt in 2017-18, 24.82Mt in 2018-19, and 24.04Mt in 2019-20. Similarly, data from the Bangladesh Central Bank reports ... |
Cement industry seeks government support to overcome duty issues15 December 2022, Published under Cement NewsBangladesh's cement industry seeks relief from the government on the sudden imposition of supplementary duty on raw materials, along with nonadjustable Advance Income Tax (AIT), fuel shortages, high transportation costs, and increasing currency value. President of the Bangladesh Cement Manufacturers Association (BCMA), Alamgir Kabir, gave a current picture of the country's cement sector at a press conference in Dhaka. According to local media sources, the BCMA raised concerns over the si... |
Crown Cement commences construction of its 6th line09 December 2022, Published under Cement NewsCrown Cement PLC (formerly MI Cement Factory Ltd) has announced the commencement of construction work on its sixth line at the existing factory premises at West Mukterpur, Munshiganj, Bangladesh, with a capacity of 8000tpd to increase the overall capacity of the company from 11,000tpd to 19,000tpd. The investment amounts to BDT7.07bn (US$8.6m), according to the latest annual report 2021-22, released last week. No timeframe for the new line’s completion was reported. Chairman of the co... |
Bangladesh's cement export revenue totals US$3.67m in 5MFY2306 December 2022, Published under Cement NewsDuring the first five months (July and November) of FY22-23 (July-June), Bangladesh's cement industry earned export revenue of US$3.67m on the export of cement mostly to Asian countries, compared to US$3.36m in the same five months last year. This translates to growth of 9.23 per cent YoY, but marks a shortfall of 11.14 per cent to meet the target of US$4.13m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the... |