Displaying items by tag: Seven Circle Bangladesh

Bangladesh: Shun Shing Group has made new appointments to the roles of chair, vice chair, deputy managing director and managing director of business development operations. The Dhaka Tribune newspaper has reported that the group has promoted Ikram Ahmed Khan, formerly managing director, to the role of chair. Raihan Ahmed will serve as vice chair and Shakib Pasha as deputy managing director, while Tahmina Ahmed will serve as managing director of business development operations. The China-headquartered group previously appointed Tahmina Ahmed as additional managing director for Bangladesh in June 2021. She has served on the board of directors since 2007.

Bangladesh: Shun Shing Group subsidiary Seven Circle says that it has successfully migrated its on-premises, business-critical, finance and manufacturing systems to Oracle’s Cloud Infrastructure digital services platform. The Bangladesh Monitor newspaper has reported that the company made the transition in order to lower its costs, increase its operational agility and improve productivity. It has since experienced a 30% drop in capital expenditure and almost doubled its uptime as a result. Seven Circle also deployed cloud disaster recovery capabilities for its workloads on the new platform. This can allow the company to serve its customers in a timely manner and reinvest the savings to drive innovation.

Shun Shing Group human resources and digitalisation head Anika Ali Chowdhury said “Running our back-office operations quickly and reliably, 24/7, is critical for success. It helps us to ensure we are sourcing the best raw materials, making the right production investments, and delivering quality products with reliable and fast delivery. This allows us to earn the highest level of customer trust.”

Bangladesh: Cricketer and Bangladesh national team captain Tamim Iqbal has secured a brand ambassador contract with Seven Rings Cement. United News of Bangladesh has reported that the parties signed the contract at a ceremony at which director and chief executive officer Raihan Ahmed and chief financial officer and company secretary Kausar Alam were in attendance.

Iqbal said, “I am very proud to be associated with Seven Rings Cement, which is the only cement company that has three cement plants in three different places in Bangladesh."

The Bangladeshi cement industry has been busy over the last month. Both Vietnam and Iran have marked up the country as a major destination for their exports. No change there, but Saudi Arabia has also started to join them as its producers have started announcing clinker export deals to the country. Alongside this there have also been production upgrades announced from MI Cement, Chhatak Cement and a Saudi-led partnership. Also, just before Christmas, Shah Cement inaugurated the world’s largest vertical roller mill (VRM) with a 8.1m grinding table, supplied by Denmark’s FLSmidth, at its Muktarpur plant in Munshiganj.

Md Shahidullah, vice president of the Bangladesh Cement Manufacturers Association (BCMA), described 2018 as a good year for the local industry to local media. Cement sales rose to 33Mt and consumption grew by 12% year-on-year.

The country has an integrated production capacity of 8.4Mt/yr from eight plants according to Global Cement Directory data. The main plants are Chhatak Cement and Lafarge Surma Cement. Locally produced clinker accounts for about 20% of the country’s needs, with the other 80% imported from abroad. Hence, the action is really with the grinding plants and the country has over 30 of them. A market report by EBL Securities in mid-2017 reckoned that local cement production capacity was 40Mt/yr but that actual production was around 32Mt in the 2016 - 2017 reporting year due to problems with power supplies and so on. Given the focus on grinding it’s interesting to note imports of clinker. These rose by 9% year-on-year to a value of US$518m in 2017 - 2018, the highest figure since 2014 - 2015. Not all of this may be consumption related since the local currency, the Taka, depreciated against the US dollar in 2017 and 2018.

Back in 2016 the market leaders were Shah Cement, LafargeHolcim Bangladesh, Bashundhara Group, Seven Rings Cement and HeidelbergCement. They accounted for about half of the market share. Of these LafargeHolcim Bangladesh saw its revenue nearly double year-on-year to US$101m from US$58m in the first half of 2018. Its profit did double to US$6.3m from US$2.7m. The company is a joint venture between LafargeHolcim, Spain’s Cementos Molins and other partners.

Bangladesh suits a grinding-based industry due to its high level of navigable waterways and low levels of limestone. In some respects though the country is a glimpse of what future cement markets might look like. Its lack of raw materials means it focuses on grinding and a clinker-rich world plays right into this. This creates an oversaturated market full of lots of companies due to the lower cost of setting up a grinding business or cement trading. In theory this should be great for end consumers and the general development of the country. After all Bangladesh has a high population, of 164 million, and a low gross domestic product (GDP) per capita, US$4561, and similarly low per capita consumption of cement. The downside though is that reliance on external raw materials. Any changes to exchange rates or material supply puts the entire industry at risk or puts prices in flux. In the meantime though the interest by Saudi exporters adds an interesting dynamic to a crowded market.

Bangladesh: Hong Kong’s Shun Shing Group has ordered two mills from Germany’s Loesche for its local subsidiaries, Seven Circle Bangladesh (SCB) and Shun Shing Cement Mills (SSCM).

SCB has ordered a vertical roller mill for a new grinding plant in Gazipur. With four main and four support rollers, the mill will be used for grinding clinker and slag. It will have a throughput capacity of 400t/hr and it will be the largest Loesche cement mill in the country. The cement mill for SCB is equipped with a Compact Planetary Electric Drive (COPE) and has a drive power of 9.2MW.

Loesche has also received a mill order for SSCM. A LM 53.3+3 CS mill will be used, with three main and three support rollers and a drive power of 4650kW. The mill will grind clinker and slag at a capacity of 180t/hr in a newly-built grinding plant belonging to SSCM in Shikalbaha near Chittagong.

The scope of delivery for both mills includes the complete mill including the static mill components. Both mills will continue to be equipped with Pronamic wear parts, developed by for the main rollers, support rollers and the grinding table. It is anticipated that commissioning of both grinding plants will take place in autumn 2019.

Both SCBL and SSCM produce around 4.4Mt/yr of cement with their production facilities there under the brand ’Seven Rings Cement.’ Additionally, the business areas of the parent company Shun Shing Group also extend to the trade and transportation of raw materials and industrial chemicals for construction.

Bangladesh: Asadul Haque Sufyani has been promoted to Chief Marketing Officer of Seven Circle (Bangladesh), a subsidiary of Hong Kong-based Shun Shing Group. Previously Sufyani had been working as the General Manager (Sales, Marketing & Distribution) of Seven Circle. He joined in Shun Shing Group in 2009.

Sufyani, aged 40, started his career in the Brand Management department of Sanofi-Aventis and later worked as a Senior Marketing Manager in Bengal Group and Head of Trade Marketing in Robi (formerly AKTEL). Sufyani graduated in Commerce from Delhi University, India and later gained his MBA from the Lincoln School of Management, University of Lincoln in the UK.

Bangladesh: Seven Circle Bangladesh, manufacturer of Seven Rings Cement, is going to establish a 1.3Mt/yr cement factory in Khulna by July 2013.

"We are expecting to enhance our production capacity to 4.4Mt/yr million tonnes by 2015 and the new factory in Khulna will help us a lot to achieve our business expansion target," said Seven Circle Bangladesh's general manager of marketing and sales Asadul Haque Sufyani. The company's current annual production capacity is 1.6Mt/yr

"Since 2008, we are exporting our product in 50kg bags to different states in India. We will be able to allocate more quantity of cement for export after starting production in our new lines. At present we are giving priority to our local buyers," added Sufyani, adding that the company was involved in numerous key building projects and highway developments in the capital Dhaka.

Bangladesh: Hong-Kong based Shun Shing Group has announced that it intends to increase the capacity of its Bangladesh brand, Seven Rings Cement, to 4.4Mt/yr by 2015. Seven Circle Bangladesh (SCB), a subsidiary of Shun Shing Group, produces Seven Rings Cement.

SCB is also working on increasing its capacity at another plant in Khulna to 2.9Mt/yr by 2013. SCB was incorporated in Bangladesh in 2000, with an initial capacity of 0.5Mt/yr. Currently the company has a capacity of 1.6Mt/yr in the country.