Cement News tagged under: indian sub-continent

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HeidelbergCement Bangladesh looks for new MD

29 May 2024, Published under Cement News

HeidelbergCement Bangladesh Ltd is seeking a new managing director to oversee its operations in Bangladesh. Part of Heidelberg Materials (HM) Group, HeidelbergCement Bangladesh Ltd (HCBL) is Bangladesh’s leading cement manufacturing company. With a rich history of 151 years and a global presence in over 50 countries, the group boasts a workforce of 51,000 and an annual turnover of EUR21.2bn. In Bangladesh, HCBL offers two renowned flagship brands in Ruby Cement and Scan Cement. Appli...

Dewan Cement's profitability dented due to high power costs in 9MFY23-24

23 May 2024, Published under Cement News

Dewan Cement recently submitted its 9MFY23-24 report with the unaudited financial results for nine-month period that ended 31 March 2024 to the Pakistan Stock Exchange (PSX) for shareholders’ information. During this period, the company posted a loss of PKR601m (US$2.16m) against a loss of PKR758m, despite an increase of 12.9 per cent in sales during the new month’s period. The report adds that overall development activity and price hikes favourably impact sales revenue. However, the ...

Pakistan's cement export trend continues to excel in 10MFY23-24

21 May 2024, Published under Cement News

Pakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 593 per cent to PKR58.21bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 63.5 per cent YoY in the same period....

Dandot Cement Co faces initial issues in trial production

20 May 2024, Published under Cement News

According to Dandot Cement Co Ltd’s nine-month report, the company lost RPKR129m (US$0.463m) in 9MFY23-24, compared to PKR118m during the same months last year. The company’s loss is mainly attributable to frequent shutdowns of the cement mill and kiln, which result in reduced cement production and high raw material consumption. The company’s top officials stated in the report that after completing the BMR activity at Jhelum district, Pakistan, the plant commenced operations by lighting...

Thatta Cement Co shows strong profit growth in 9MFY23-24

17 May 2024, Published under Cement News

Thatta Cement Co Ltd reported that in the nine months ending on 31 March (9MFY23-24), the company earned a net profit of PKR888.2m (US$3.19m) when compared to PKR80.6m in the year-ago period, representing a strong advance in net profit during the accounting period. The company's local sales, in terms of volume, increased by 21.2 per cent to 387,774t compared to the corresponding period of last year, when 319,959t of cement were dispatches. Thatta Cement achieved a 41.1 per cent increase i...

LafargeHolcim Bangladesh net profit stands BDT1.627bn in 1Q24

16 May 2024, Published under Cement News

According to the latest quarterly report of LafargeHolcim Bangladesh Ltd ( LHBL), a frontline cement producer in Bangladesh, revenue and net profit shrank by three and 15 per cent, respectively, in the 1Q24. The prime reasons could be the increase in the cost of raw materials and the prevailing inflation in the country. In a statement, Iqbal Chowdhury, CEO, said: “The construction Industry is going through a challenging time, with a consistently high inflationary environment impacting co...

Bangladesh forecasts demand for clinker by 2027

15 May 2024, Published under Cement News

Bangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. According to the country's Industries Minister, Nurul Majid Mahmud Humayun, the cement industry's demand for clinker will reach 25Mt for the period while demand for steel is expected to reach 15Mt due to the ongoing boom in infrastructure development. He said procurement of raw materials for these industries will be the key challenge in the future to sustain the country’s eco...

Pakistan's State Bank notes export growth in 1HFY23-24

15 May 2024, Published under Cement News

The State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1.9 per cent during 1HFY23-24, largely attributed to the increased export volume. This was further bolstered by a surge in domestic sales in the last few months. Cement demand in the country’s export destinations, including Afghanistan, Bangladesh, Hong Kong, Germany and Ghana, nearly doubled to 3.7Mt during 1HFY23-24. ...

PIBTL handled 5,366,521t of cargo in 9MFY23-24

14 May 2024, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed by a detailed report. During the period, the demand for coal imports has revived, primarily due to measures for economic stabilisation undertaken by the government, such as lifting import restrictions, economic stability stimulated by the strengthening of Pakistani rupee against the US dollar, and increased economi...

Bangladesh's cement exports see a 49% YoY growth during 10MFY23-24

10 May 2024, Published under Cement News

Bangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first 10 months of FY23-24. This is up from US$10.72m in the same period of the previous year and includes some salt, stone, and related products. Cement exports rose by 29.3 per cent YoY and exceeded the target of US$12.23m for the 10MFY23-24. Bangladesh’s cement exports mainly depart for India, with other popular destin...