Cement News tagged under: LafargeHolcim Bangladesh Ltd

RSS feed

LafargeHolcim Bangladesh 1Q20 net profit rises 46%

11 May 2020, Published under Cement News

LafargeHolcim Bangladesh sustained its profitability during January-March 2020, despite the ongoing COVID-19 pandemic. LafargeHolcim Bangladesh's net profit surged about 46 per cent YoY to BDT522.45m (US$6.2m) in the 1Q20, against earnings of BDT357.81m in the 1Q19. The rise in profit can be attributed to a decrease in cost of goods sold, alongside a reduction in finance cost and lower income tax during this accounting period. However, the company said hat the increase of revenue for Januar...

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...

LafargeHolcim Bangladesh Ltd targets becoming a complete building material solutions provider

22 January 2020, Published under Cement News

As LafargeHolcim Bangladesh has successfully completed its amalgamation with Holcim Cement (Bangladesh) Ltd last year, Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, said the company is now working to transform the integrated company as a building material solutions provider from a cement company. "The integration of two most premium and globally-reputed companies has lots of synergies and benefits, so it plans to build on strengths of both the companies and provide the customers with ...

HeidelbergCement Bangladesh calls EGM to approve amalgamation

08 January 2020, Published under Cement News

HeidelbergCement Bangladesh Ltd has further updated all concerned stakeholders and investors about its ongoing scheme of amalgamation though the Dhaka Stock Exchange (DSE).   In a stock filing, the company says that furtther to their earlier news disseminated by the DSE on 26 December 2019 regarding seeking court approval for amalgamation with Meghna Energy Ltd, the Board of Directors has decided to hold an EGM to get approval of the scheme of amalgamation for merger of Meghna Energy Ltd wi...

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...

HeidelbergCement Bangladesh to acquire Meghna Energy

19 July 2018, Published under Cement News

The Board of Directors of the HeidelbergCement Bangladesh Ltd has approved the draft scheme of amalgamation of the Meghna Energy Ltd with the HeidelbergCement Bangladesh Ltd subject to sanction by the High Court Division of the Supreme Court of Bangladesh and approval of the same by the members of the Company and Meghna Energy Ltd. HeidelbergCement Bangladesh Ltd will acquire 4,056,457 shares (99.99 per cent) in Meghna Energy at an estimated consideration of BDT910m (US$10.77m). Out of whi...

LafargeHolcim Group invests US$500m in Bangladesh

11 June 2018, Published under Cement News

LafargeHolcim Group has invested US$500m in Bangladesh over the years and plans for even more, besides continuously working in research and development to find best and sustainable solutions in the construction sector and promotion of cement industry in the country. This information was shared on the occasion of LafargeHolcim Bangladesh's 20th annual general meeting (AGM), which was held in Dhaka on 7 June. Company top officials say, it is the biggest foreign direct investment in the bu...

Lafarge Surma Cement changes name

01 March 2018, Published under Cement News

Lafarge Surma Cement Ltd has changed its name to LafargeHolcim Bangladesh Ltd, effective from Thursday. According to a notification to the Dhaka Stock Exchange, "other things of the company (except name and trading code) will remain unchanged." The trading code has changed from ‘LAFSURCEML’ to ‘LHBL’ on the main bourse. Lafarge Surma Cement approved the acquisition of Holcim Cement (Bangladesh) on 23 December 2017, at a price of BDT5.04bn (US$60.56m). The company’s plant is located in Chha...

Lafarge Surma calls for a revaluation of Holcim shares to complete its merger

25 October 2017, Published under Cement News

Lafarge Surma Cement (now LafargeHolcim Bangladesh Ltd) has appealed to Bangladesh Bank to review its valuation of the Holcim share price, which the French cement maker says has been significantly undervalued by the central bank. In December 2016 Lafarge Surma signed an agreement with the Amsterdam-based Holderfin to purchase its holdings of Holcim Cement Bangladesh for BDT9360m (US$117m). Each of Holcim's 88,244 shares was valued at US$1325.88 (BDT106,000). But since then, the centr...