Bangladesh cement industry has production utilisation rate of 54%

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Bangladesh: The local cement industry has a cement production utilisation rate of 54%. Cement consumption was 27.1Mt in 2017, according to the Daily Star newspaper. However, the country had a production capacity of 50.2Mt/yr in 2017 from around 45 companies of various sizes. Production capacity is expected to grow to 80Mt/yr by 2019.

Masud Khan, the chief executive officer of Crown Cement Group, forecasts that cement consumption will grow by 8 – 10% by 2022. He blamed the local oversupply on an overpopulated market. Other issues the local industry faces include a recent rise in the price of raw materials, port congestion which causes delay in unloading raw materials, a lack of smaller ships, local currency depreciation, low retail price and low load limits on local roads.

Last modified on 30 May 2018

URL: https://globalcement.com/news/item/7567-bangladesh-cement-industry-has-production-utilisation-rate-of-54

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