BCMA arranges daylong seminar titled 'Crisis of Bangladesh Cement Industry and Its Probable Solution'

The Bangladesh Cement Manufacturers Association (BCMA) organised a daylong seminar titled “Crisis of Cement Industry and Its Probable Solutions” on July 3, 2024, at the Crowne Plaza Hotel, Dhaka.

The meeting was presided over by Mr Md Almagir Kabir, President of BCMA, according to a media release. 

More than 100 participants, comprising members of Top Management (TM), Directors, CEOs, CMOs (Chief Marketing Officers), CFOs (Chief Financial Officers), and other high officials of cement manufacturing companies, attended the session, and they shared their prudent suggestions and valuable thoughts to overcome the present challenges faced by the cement industry.

In this programme, Mr Md Alamgir Kabir, President of BCMA and Vice Chairman of Crown Cement PLC, elaborated on the present crisis and emphasised well-coordination among various departments of every manufacturing company to combat challenges.

Mr Imran Karim, First Vice President of BCMA and Vice Chairman of Confidence Cement Ltd, highlighted the necessity of process efficiency in every organisation.

Mr Md Shahidullah, Executive Committee (EC) Member and Managing Director of Metrocem Cement Mills Ltd expressed that the development of the quality of human resources will yield results in the long run.  

Mr Shankar Kumar Roy, Executive Director (ED) of BCMA, delivered a presentation titled “Bangladesh Cement Industry: An Overview,” describing the demand, raw materials import scenario, and BCMA’s roles in protecting the interests of Cement Manufacturers.

The daylong programme also covered a learning session called “Current Business Challenges and Credit Management” by eminent financial management consultant Mr Mohammad Zahid Hossain, FCA.

Mr Hossain demonstrated manageable and unmanageable challenges and ways to mitigate credit risk.

He suggested that every organisation needs to maintain optimum cash flow and emphasised the reduction of bad debt.

Besides, Mr Hossain also cautioned sales and finance officials about manipulation/corruption under credit management.

The whole programme was highly interactive, and the audience enjoyed a lively question-and-answer session, the release adds.