Cement News tagged under: Bangladesh

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The new Asian paradigm

01 April 2019, Published under Cement News

This week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L...

Crown Cement becomes export leader

01 April 2019, Published under Cement News

MI Cement Factory Ltd has stated that it has become Bangladesh's cement export leader. The company achieved national export trophy three times for its outstanding performance in cement export. Demand for its Crown Cement brand is gradually increasing at home and abroad. In addition, Crown Cement is contributing to the country's development through foreign currency earning. Bangladesh imported cement before 1995, but gradually the country's cement production base increased its output to re...

Meghna Cement on track for mid-2019 VRM start-up

27 March 2019, Published under Cement News

Meghna Cement Mills Ltd says that its expansion project is likely to complete in the mid-2019. The company signed a contract with FLSmidth in 2017 to import equipment for installing a second vertical roller mill (VRM) to increase its capacity to 2Mta at the cement producer's Mongla plant in Bangladesh. The contract for the VRM has been valued at US$15.7m, according to the 2018 company annual report. In separate news earlier this month, the company informed Dhaka Stock Exchange that its ...

Clinker appetites increasing in Bangladesh

26 March 2019, Published under Cement News

Bangladesh's clinker imports have been growing in the last five years, apart from in FY15-16, According to the Economic Survey of Bangladesh 2018. The country's cement producers imported US$615m of clinker in FY13-14, which rose to US$766m in last fiscal year of 2017-18. It translates to a growth of about 25 per cent in half-a-decade.   Some 80 per cent of the clinker used for cement production in Bangladesh is imported, according to a local cement producer's report. Due to a lack of minera...

Procurement process begins for new Deshbandhu Group plant

19 March 2019, Published under Cement News

Bangladesh-based Deshbandhu Group and Guangdong Power Engineering Co Ltd are now seeking project finance for their proposed 1500tpd cement plant near Dhaka. The new facility requires a total investment of US$90m. Guangdong Power Engineering has secured half of this sum from one of China’s domestic development banks, according to Inside International Industrials. Guangdong Power Engineering will be responsible for design, procurement, construction, installation and testing, according to th...

Vietnamese exports rise 15% in February

12 March 2019, Published under Cement News

Vietnamese exports have risen 15.2 per cent in volume and 36.3 per cent in value for February 2019, rising to around 2.5Mt and US$105m, respectively. The average export price has increased 18.3 per cent YoY to US$42/t, according to the country’s Foreign Trade Agency. The three main export markets for Vietnamese cement were the Philippines, China and Bangladesh at 2.1Mt in February, accounting for more than 75 per cent of total exports. In the first two months of the year, exports were up 7....

LafargeHolcim Bangladesh's profits up 38%

04 March 2019, Published under Cement News

LafargeHolcim Bangladesh has informed Dhaka Stock Exchange (DSE) that its consolidated profit stood at BDT1.11bn (US$13.1m) for the year ended on 31 December 2018, up 38 per cent from BDT805m in the previous year.   Producing around 4.2Mta of cement, LafargeHolcim Bangladesh has sofar invested about US$500m in Bangladesh, and is having plans for further investments. The plant at Chhatak, Sunamganj, is the only dry-process integrated cement plant of the country. Furthermore, the company's pl...

Payra Port Authority reschedules pre-bid meeting for coal/bulk terminal

28 February 2019, Published under Cement News

Payra Port Authority (PPA), under the Bangladesh Ministry of Shipping has issued a  notice to reschedule a pre-bid meeting for development of a coal/bulk terminal at Payra Port ,Kalapara, Patuakhali, in southern Bangladesh. The pre-bid meeting will now be held on 12 March 2019, says the port authority. The port authority earlier announced it was seeking the expertise of international experts or consortium to participate in proposed project. The successful bidders/consortium will design, bu...

Construction industry booming in Bangladesh

26 February 2019, Published under Cement News

The demand for cement, steel, bricks and other construction materials recorded a good growth in Bangladesh during 2018 and looks to perform even better this year implementation of major infrastructure projects is accelerated, according to local media reports.   According to Munir Uddin Ahmed, president of the Bangladesh Association of Construction Industry (BACI), 2018 was good for the industry as there had been no sharp increase in the prices of raw materials, and prices of cement, stones,...

Bangladesh reports fall in cement export for 7MFY19

25 February 2019, Published under Cement News

Bangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.   The seven months export is also short of target by 18.54 per cent set by the government for the 7MFY19, ie US$8.04m.   Bangladesh's governm...