Displaying items by tag: Bangladesh

Bangladesh: UAE-based Ras Al Khaimah Cement is considering the acquisition of Chimera Investments’ and IHC Holding Company’s stakes in manufacturing and export holding company Apex Holding. Reuters news has reported that the board of Ras Al Khaimah Cement has yet to approve any agreement.

Bangladesh: Bashundhara Cement has signed an agreement with China-based Fifth Major Bridge Engineering to supply cement for the Dhaka Ashulia Elevated Expressway. The 24km road will connect Shahjalal International Airport to the Dhaka Export Processing Zone, according to the Daily Sun newspaper. Chinese investors will fund 65% of the estimated cost of the project under Preferential Buyer’s Credit. Bangladesh will have to repay the costs within 20 years, with 2% interest rate and a grace period of five years. Bashundhara cement products are also being used in 14 large scale bridge projects, 11 power plants, and water and sewage treatment plants.

Bangladesh: Bashundhara Group has launched its new Bir brand cement. The promotion coincides with the 50th anniversary of Victory Day at the end of the Bangladesh Liberation War. The product joins Bashundhara Group's range, which includes King Brand cement and Bashundhara cement. The company says that its cements are currently in use in 25 major projects across the country.

Managing director Sayem Sobhan Anvir said “Bashundhara Group has always been involved in the development of Bangladesh and we’ll continue to do so in the future.” He added, “Bir Cement is the new addition of Bashundhara Group. This new brand cement will be used in building sustainable infrastructure in our country and for the future of Bangladesh.”

Bangladesh: The Bangladesh Cement Manufacturers Association (BCMA) has re-elected Alamgir Kabir as its president. Kabir is the vice-chairman of MI Cement Factory, which operates the Crown Cement band, according to the Daily Star newspaper. Md Shahidullah, the managing director of Metorcem Cement and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been re-elected as the first and second vice-president of the association respectively. The elections were held at the 20th annual general meeting of the BCMA in late October 2021.

Bangladesh: LafargeHolcim Bangladesh has launched a new early strength rapid set cement known as Holcim Shokti. The company said that the product is the first on the Bangladeshi market to use rapid set technology to enhance its early strength by 50% within 48 hours, reduce its setting time by 15 – 25% and optimise water requirements. The producer estimates that project costs will fall by US$16.4/t of Holcim Shokti cement used compared to those of projects using ordinary Portland cement (OPC).

Holcim Shokti cement is available across Bangladesh in bagged form.

Bangladesh: Seven Rings Cement has secured a contract for the supply of cement to the site of the upcoming Sylhet Osmani Internation Airport in Sylhet. Chief marketing officer Gautam Chatterjee signed the contract with Beijing Urban Construction Group on behalf of the company.

Seven Rings Cement is currently also supplying cement for the new Hazrat Shahjalal International Airport Terminal 3 in Dhaka.

Vietnam: Member of the Vietnam Cement Association produced 70.7Mt of cement and clinker in the first eight months of 2021, up by 4% year-on-year from 27.2Mt in the corresponding period of 2020. Its exports rose by 12% to 27.2Mt. Viet Nam News has reported that the main importers of Vietnamese cement and clinker were China, the Philippines and Bangladesh. During the period, domestic demand fell by 5% to 43.5Mt.

Thailand: Siam City Cement says that coronavirus-related public health measures reduced demand for cement towards the end of the second quarter of 2021. The group noted that the domestic market for cement ‘softened’ despite strong sales overseas in Vietnam, Sri Lanka and Bangladesh. Its overall net sales fell by 3.6% year-on-year to US$616m in the first half of 2021 from US$639m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 4.4% to US$142m from US$149m. It also reported reduced sales from its ready-mixed concrete and aggregate business lines due to the pandemic’s effects on construction markets and the related closures of construction worker camps.

Bangladesh: LafargeHolcim Bangladesh has unveiled new branding for its Holcim Strong Structure cement product. The subsidiary of Switzerland-based Holcim presented launching the new packaging to distributors and retailers at a virtual event.

Chief executive officer Rajesh Surana said, "LafargeHolcim Bangladesh always emphasises innovation and customer satisfaction. As a part of this, we are unveiling the new look of our Holcim Strong Structure bag. The new look of the bag is really attractive and reflects our stronger brand image and product differentiation. We are committed to providing the best product, for our customers to build their dream homes.”

Bangladesh: Shun Shing Group, the owner of Seven Rings Cement, has appointed Tahmina Ahmed as Additional Managing Director for Bangladesh. She has worked on the company’s board of directors since 2007.