Displaying items by tag: Bangladesh

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.”

Pakistan: All Pakistan Cement Manufacturers Association (APCMA) members exported 405,000t of cement in February 2022, down by 34% year-on-year from 616,000t in February 2021. Domestic deliveries also dropped, by under 1% to 3.95Mt from 3.96Mt. Amid the declines, Pakistani cement producers have reported a steep rise in their costs due to increases in international freight rates and coal prices and the country’s on-going ban on trade with neighbouring India. Cheaper Iranian cement has undercut Pakistani cement sales to Bangladesh, while the Afghan market has yet to recover following the withdrawal of peacekeeping forces.

Bangladesh: Seven Rings Cement has signed an agreement to supply cement to Soyo BD International. The China-based ready-mixed concrete supplier has recently started business in Bangladesh and is supplying different projects locally, according to the Daily Star newspaper.

Bangladesh: LafargeHolcim Bangladesh’s full-year sales were US$243m in 2021, up by 27% year-on-year. Its net profit was US$45.8m in 2021, up by 64%, according to the New Nation newspaper.

During the year, LafargeHolcim Bangladesh launched its new Water Protect and Shokti cements and continued to accelerate alternative fuel (AF) co-processing across its cement plant network.

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.