Cement grinders worry over rising raw material costs
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
SATURDAY, MAY 21, 2022
SATURDAY, MAY 21, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Cement grinders worry over rising raw material costs

Cement

TBS Report
09 February, 2021, 09:35 pm
Last modified: 09 February, 2021, 09:37 pm

Related News

  • War-driven raw material price hike hurts paper industry
  • Raw material price hike sends glass prices soaring 40%
  • Rising raw material costs throw spanner on feed industry’s recovery
  • China's factory activity grows at slightly slower pace as raw materials costs surge
  • India’s Covid-19 drug makers see Chinese raw material prices soar

Cement grinders worry over rising raw material costs

Clinker, the key material, now costs $46 per tonne, up from $42

TBS Report
09 February, 2021, 09:35 pm
Last modified: 09 February, 2021, 09:37 pm
Cement grinders worry over rising raw material costs

Cement grinders are concerned about the escalating costs of their raw materials and have requested the government to rationalise taxes.

Bangladesh Cement Manufacturers Association (BCMA) said in a statement on Tuesday the import costs of cement raw materials are already 10% higher now and are on a rising trend.

The local cement industry depends on imported raw materials and clinker, the key material that now costs $46 per tonne, which was $42 earlier.

Half of the cost escalation is because of the rise in clinker production cost and the rest is attributed to increased freight charges.

Clinker plants need to burn coal and China, due to its boost in economic activities, is importing more coal, which already has doubled the coal price to $82 per tonne in the international market.

BCMA President Alamgir Kabir said many countries have resumed development work while the demand for construction materials is on the rise, and so is that for raw materials.

Bangladeshi companies are facing pressure to raise the prices of finished goods, but the extreme competition in the local market barely allows prices to be increased, said Alamgir, also the vice-chairman of top cement exporter Crown Cement.

His association has requested the government to allow them some space for profitability through rationalisation of the tax burden so that cement remains affordable to middle-income people, keeping the wheel of development rolling.

The BCMA said if the National Board of Revenue brings the existing high taxes down, cement sales would grow and offset the effects of tax reduction.

Their demand also includes eliminating double taxation and reducing import duty to Tk250 from Tk500 per tonne.

Bangladesh / Top News

Cement grinders / raw material cost

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    Tough conditions get in way of Indian wheat import
  • Zahid Hussain/TBS Sketch
    Our problematic macroeconomic duo
  • Illustration: TBS
    ‘High logistics cost weakens Bangladesh’s competitiveness’

MOST VIEWED

  • Heidelberg Cement doubles sales in Bangladesh
    Heidelberg Cement doubles sales in Bangladesh
  • Photo: Reuters
    LafargeHolcim to acquire Firestone Building Products for $3.4 billion
  • Photo: Reuters
    LafargeHolcim’s operating profit jumps 31% in Q3
  • Crown Cement ditches Tk600cr expansion plan for overcapacity
    Crown Cement ditches Tk600cr expansion plan for overcapacity
  • Photo: Collected
    LafargeHolcim weathers the pandemic with profits in Q2
  • LafargeHolcim gives new look to its portland cement
    LafargeHolcim gives new look to its portland cement

Related News

  • War-driven raw material price hike hurts paper industry
  • Raw material price hike sends glass prices soaring 40%
  • Rising raw material costs throw spanner on feed industry’s recovery
  • China's factory activity grows at slightly slower pace as raw materials costs surge
  • India’s Covid-19 drug makers see Chinese raw material prices soar

Features

Illustration: TBS

‘High logistics cost weakens Bangladesh’s competitiveness’

1h | Panorama
Every morning is a new beginning for all

Seashore

1h | In Focus
Retro wheels for nostalgic riders

Retro wheels for nostalgic riders

28m | Wheels
Mohammad (Mejbah) Mejbahuddin, Former Senior Secretary, Economic Relations Division (ERD), Ministry of Finance, Government of Bangladesh. TBS Sketch

‘No project is being delayed too long at the moment’

19h | Panorama

More Videos from TBS

Ways to retain body fragrance

Ways to retain body fragrance

20h | Videos
Gazipur restaurant that serves 150 food items

Gazipur restaurant that serves 150 food items

1d | Videos
How to prepare for a job

How to prepare for a job

1d | Videos
Putin's strategies to face Nato

Putin's strategies to face Nato

1d | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

4
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

5
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

6
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab