Bangladesh Cement Manufacturers Association (BCMA) organised a daylong seminar titled “Crisis of cement industry and its probable solutions” at Crowne Plaza Hotel, Dhaka recently.

Md Almagir Kabir, president of BCMA, presided over the meeting.

More than 100 participants comprising members of top management, directors, CEOs, chief marketing officers, chief financial officers, and other high officials of Cement Manufacturing Companies attended the session.

The participants shared their prudent suggestions and valuable thoughts to overcome present challenges faced by the cement industry, said a press release.

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.

Md Shahidullah, executive committee member and managing director of Metrocem Cement Mills Ltd, put emphasis on human resource development.

Mr Shankar Kumar Roy, executive director 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.

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, 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.