Cement News tagged under: Confidence Cement Ltd
Confidence Cement plans to install 5.6MW Power Plant30 December 2019, Published under Cement NewsConfidence Cement Limited (CCL) of Bangladesh has informed the Dhaka Stock Exchange that its Board of Directors have decided to install a 5.6MW captive power plant at a cost of around BDT280m (USD3.30m) in an effort to ensure uninterrupted electricity supply for Unit 3 of the factory. The company has annual production capacity of 1.5Mta at Chittagong in southern Bangladesh. According to company annual reports, Confidence Cement produced 710,636t of cement during FY2018–19, against 577,192t... |
Confidence Power Bogra starts commercial production27 November 2019, Published under Cement NewsThe Confidence Power Bogra Ltd has informed Dhaka Stock Exchange two days ago that the Board of Directors has agreed with the decision taken in the Board of Directors of Confidence Power Holdings Ltd, an associate of Confidence Cement Ltd, having 41 per cent stake in its equity capital, that upon successful testing and commissioning the Confidence Power Bogra Ltd, a 99 per cent subsidiary of Confidence Power Holdings Ltd, has started commercial operation of its HFO based. The net 113MW pow... |
Cement companies announce dividends in Bangladesh28 October 2019, Published under Cement NewsTwo companies, out of seven listed cement companies in the Dhaka Stock Exchange (DSE) of Bangladesh, have announced cash dividends, subject to approval in the scheduled annual general meeting of each companies later this year. According to DSE, the Board of Directors of Confidence Cement Ltd, have recommended a 15 per cent cash and 15 per cent stock dividend for the year ended on 30 June 2019. The AGM is expected to be held on 22 December 2019. Confidence Cement has also informed that bonus... |
Confidence Cement acquires Zodiac Power Chittagong Ltd04 September 2019, Published under Cement NewsBangladesh's Confidence Cement has acquired a 51 per cent controlling share in Zodiac Power Chittagong Ltd. The new subsidiary is an independent power producer with a 54.36MW heavy fuel oil (HFO) power plant in Patiya, Chittagong. Confidence Cement has also begun testing and commissioning of the Zodiac Power Chittagong power plant which consists of MAN Engines, with operations commencing on 30 August 2019. Meanwhile, Confidence Power Holdings, an associate company of Confidence Cement, s... |
Confidence Cement re-elects managing director31 December 2018, Published under Cement NewsBangladesh’s Confidence Cement Ltd announced a 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the year ended 30 June, 2018 . Furthermore , Zahir Uddin Ahmed was re-elected as managing director of the company for a period of three years with effect from 1 February 2018. Rupam Kishor Barua and Salman Karim, directors who retire by rotation, were also re-elected. |
Confidence Cement to install slag dryer, close Line 131 October 2018, Published under Cement NewsBangladesh-based Confidence Cement will install a new slag dryer at its cement plant in Sitakunda to ensure uninterrupted production of the existing Lines 2 and 3. In addition, the company has decided to shut down Line 1, citing high maintenance costs and electricity costs at the 600tpd line. |
China National Heavy Machinery Corp win Confidence Cement order09 October 2018, Published under Cement NewsConfidence Cement Dhaka Ltd, an associate of Confidence Cement Ltd, has signed an EP Contract with the China National Heavy Machinery Corporation (CHMC). The contract incudes the supply and delivery of necessary machines/equipment with accessories for a cement mill (VRM) to produce 280tph PCC. The order will consist of the unloading of raw materials to dispatch of bagged/bulk cement, including supervision and commissioning along with related auxiliaries and technical assistance during insta... |
Confidence Cement plans new Palash plant01 February 2018, Published under Cement NewsConfidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka. Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors. The Company has also informed that the Board of Directors have agreed to invest in the new Power Plan... |
Confidence Cement plans expansion, Bangladesh23 September 2015, Published under Cement NewsBangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year. Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capac... |
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