Shah Cement Explained

Shah Cement Industries Limited
Type:Private practice Limited
Industry:Building materials
Hq Location City:Dhaka 1500
Hq Location Country:Bangladesh
Key People:Abu Sayed Chowdhury (Managing Director)
Products:Cement, ready-mix concrete
Parent:Abul Khair Group

Shah Cement Industries Limited is a Bangladeshi building materials company headquartered in Dhaka, Bangladesh.[1] As of 2019, The company holds the highest share (14%) of the cement market in Bangladesh.[2] [3] It is the largest cement plant in Bangladesh in terms of production capacity.[4] [5] It is a subsidiary of Abul Khair Group.[6]

History

Shah Cement was founded in 2002 by Abul Khair Group in Munshiganj, Dhaka with an initial capacity of 5.2 million metric tons per annum. It also established its own power plant with the capacity of 17 megawatt.[7]

In 2018, the company installed and commissioned a 15,000 tonnes capacity vertical roller mill (VRM) in its plant, supplied by Danish company FLSmidth.[8] The roller mill was recognized as world's largest vertical roller mill by Guinness World Record.[9]

The company received "Best Brand Award" from Kantar Millward Brown and Bangladesh Brand Forum in 2010, 2016 and 2017 in building materials category.[10]

Controversy

In 2017, Bangladesh National Board of Revenue accused the company of VAT deceit of BDT 0.9 billion.[11]

Notes and References

  1. News: 2011-08-21. bn:কোটলার ‘বিজনেস কেস বুক’-এ স্থান করে নিচ্ছে শাহ সিমেন্ট. http://www.amardeshonline.com/pages/details/2011/06/12/86792. dead. https://web.archive.org/web/20110821000108/http://www.amardeshonline.com/pages/details/2011/06/12/86792. 21 August 2011. 2020-07-01. Amar desh. bn.
  2. News: 2019-07-08. Growing demand fuels cement industry growth. 2020-07-01. Dhaka Tribune.
  3. News: 2019-10-23. Bangladesh's cement industry booming. 2020-07-01. The Business Standard. en.
  4. News: Habibullah. MD. 22 December 2019. Promising prospects of cement industry. 2020-07-01. The Independent . Dhaka.
  5. Web site: 19 December 2018. Shah Cement inaugurates world's largest vertical roller mill from FLSmidth. 2020-07-01. Global Cement.
  6. News: 2016-11-21. Shah Cement wins Best Brand Award. 2020-07-01. The Daily Star. en.
  7. News: 14 February 2016. Shah: The highest selling cement in Bangladesh. 2020-07-01. The New Nation. en.
  8. News: 2019-12-04. Shah Cement's vertical roller mill world's largest. 2020-07-01. The Daily Star. en.
  9. Web site: Largest vertical roller cement mill. 2020-07-01. Guinness World Records. 6 September 2018 . en-GB.
  10. News: bn:শাহ সিমেন্ট এবারও শ্রেষ্ঠ সিমেন্ট ব্র্যান্ড. https://www.prothomalo.com/economy/article/1375146/%E0%A6%B6%E0%A6%BE%E0%A6%B9-%E0%A6%B8%E0%A6%BF%E0%A6%AE%E0%A7%87%E0%A6%A8%E0%A7%8D%E0%A6%9F-%E0%A6%8F%E0%A6%AC%E0%A6%BE%E0%A6%B0%E0%A6%93-%E0%A6%B6%E0%A7%8D%E0%A6%B0%E0%A7%87%E0%A6%B7%E0%A7%8D%E0%A6%A0-%E0%A6%B8%E0%A6%BF%E0%A6%AE%E0%A7%87%E0%A6%A8%E0%A7%8D%E0%A6%9F-%E0%A6%AC%E0%A7%8D%E0%A6%B0%E0%A7%8D%E0%A6%AF%E0%A6%BE%E0%A6%A8%E0%A7%8D%E0%A6%A1. 2020-07-01. Prothom Alo. 27 November 2017 . bn.
  11. News: bn:শাহ সিমেন্টের বিরুদ্ধে ৯০ কোটি টাকার ভ্যাট ফাঁকির অভিযোগ . https://www.kalerkantho.com/online/national/2017/08/19/533585 . 27 August 2020 . Kaler Kantho . August 2017 . bn.

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