“Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). But the cement sector’s fortune did not turn around immediately. The consumption of cement sector was supposed to rise this year though, fuelled by the ongoing mega projects like Padma Bridge, Metrorail and Karnaphuli Tunnel. “If the prices go up, construction would be hit hard and the cement sector will bear the brunt of it,” he added. The economic recovery would not happen overnight and it will take time, said Mohammed Amirul Haque, managing director of Premier Cement.

Source: Dhaka Tribune December 23, 2020 19:18 UTC