Cement News tagged under: Bangladesh

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Cement prices fall in Bangladesh

11 October 2019, Published under Cement News

Key building materials such as cement and steel rods have recorded a price decline in Bangladesh over the last three months on the back of sluggish demand, according to local traders. The demand for construction work has been negatively impacted by the monsoon season. As such, the price of cement has fallen by BDT40-50/50kg bag (US$0.47-0.59/50kg bag) when compared to prices in July. "Each 50kg bag of cement is now selling at between BDT420 and BDT460, depending on the brands," said Kh...

Cement export from Bangladesh shrinks

08 October 2019, Published under Cement News

According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year. This translates a fall of 25.2 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 5.2 per cent below the target of US$2.5m, set by the government for first three months of FY19-20. The EPB has set an export tar...

Crown Cement appoints new CEO

27 September 2019, Published under Cement News

Crown Cement Group of Bangladesh has appointed Mukter Hossain Talukder as its new chief executive officer (CEO). Mr Talukder was previously the group's chief operating officer. Talukder also served Aman Group, Rangs Group and Social Marketing Company in key positions. He obtained a master's degree on accounting and information science from the University of Dhaka. He is also a fellow chartered accountant of The Institute of Chartered Accountants of Bangladesh.

UltraTech Cement

26 September 2019, Published under Cement News

UltraTech Cement, part of the Aditya Birla Group, is close to finalising the deal to sell its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd. The price of the stake has reportedly been set at US$32.1m. UltraTech first produced cement in Bangladesh following Aditya Birla’s acquisition of ETA Star Cement in 2010, when it bought into ETA’s Bangladeshi subsidiary, Emirates Cement, which operates a 0.5Mta grinding plant in Dhaka. HeidelbergCement Bangladesh Ltd has two ...

Vessel laden with clinker arrested in Bangladesh

26 September 2019, Published under Cement News

A foreign vessel laden with clinker was arrested in Bangladesh yesterday. No details immediately are available for the vessel's arrest. 

 According to Chittagong Port Authority (CPA), the foreign flag bulk carrier 'Costas L' has been arrested as per orders of the local High Court dated 23 September 2019 in a litigation case at outer anchorage of Chittagong port. The ship was carrying 42,629t of clinker for the cement industry, arrived from Singapore at the port, on 8 September and was a...

LafargeHolcim Bangladesh meets top brass of State of Meghalaya

11 September 2019, Published under Cement News

LafargeHolcim Bangladesh held talks over the continued cross-border transfer of limestone between the state of Meghalaya in India and Chhatak in Banglaesh. The meeting was arranged on the sidelines of LafargeHolcim Bangladesh's Board of Directors meeting held recently in Shillong, Meghalaya. The company brings in limestone from its own mines in Meghalaya to produce clinker and cement at its plant at Chhatak in northeast Bangladesh. Lafarge Umium Mining Ltd is the subsidiary of Laf...

Bengal Cement's parent company receives export trophies

05 September 2019, Published under Cement News

Bangladesh's leading exporters have received National Export Trophies for the year 2016-17 in a event held in Dhaka on 1 September 2019. The country's Prime Minister, Shaikh Hasina Wajid, distributed the awards. Exporters were awarded three kinds of trophies, Gold, Silver or Bronze. Bengal Group of Industries, the parent company of Bengal Cement, received two types of trophies for the export of different commodities including cement. Jashim Uddin, vice chairman of Bengal Group of Indust...

Clinker vessel salvage delay

30 August 2019, Published under Cement News

A vessel carrying clinker which capsized in the Meghan River at Birbir, Bangaldesh on Tuesday could not be immediately salvaged. The MV Tanvir Tousib-2 was anchored at Birbir on the high-tide but was struck by another vessel, the Bashundhara Food-1. The MV Tanvir Tousib-2 was carrying clinker to Dhaka. The cost of the loss could be as much as BDT200m (US$2.36m) according to Khairul Alam, master of the ship. Attempts to salvage the ship were due to be attempted on Wednesday evening.

Bangladesh revises export target for cement in FY20

27 August 2019, Published under Cement News

The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are constantly growing, thus government has changed the target, industry observed. The export value for c...

Lafargeholcim Bangladesh reports 46% net profit surge

01 August 2019, Published under Cement News

LafargeHolcim Bangladesh has announced a 46 per cent YoY increase in net profit for the second quarter of 2019, according to a recent statement. The company also saw a 15.4 per cent rise in revenue to BDT4.5bn (US$52.9m) for the 2Q19, compared to BDT3.9bn of the year-ago period. "The 2Q19 results demonstrate the strong performance trend which continues from 2018. Our focus on raising profitability through commercial innovation, operational efficiency and cost control continues to pay off....