An Assignment

On

Cement Industry of Bangladesh.

Date of submission: 8 / 04 / 2013

An Assignment
On

Cement Industry of Bangladesh.

Submitted to:
Md. Abdullah Al Jamil Lecturer Department of Marketing Comilla University

Submitted by:
Name ID NO

Md. Mokaddas Md.Lutfar Rahman Bhuiyan Shohel Ahammad Tazirul Islam Sanjay Kumar Saha

12030733 12030717 12030736 12030712 12030714

Date of Submission: 08 / 04 / 2013

INDEX
Cement Industry of BANGLADESH
Description
Executive Summary Introduction About Company Four "p" s of Company
Impact Of The Business On The Economic Pattern OF Bangladesh

Page No
5 6 7 8-10 11-14 15 16-17

Recommendation Conclusion , Reference

Executive Summary
Premier Cement Mills Ltd is one of the leading cement companies of the country. The company was started off by top ranking businessmen who had long years of experience in the cement business. Premier Cement Mills Ltd was incorporated on 14 th October 2001 and it started its production on 12th March 2004 commercially. The company is well known for producing quality cement at a low price. The head office and the commercial building of Premier Cement Mills Ltd is located in TK Bhaban, Karwan Bazar, Dhaka. The other office of PMCL is located in Chittagong. The team consists of three leading groups of Bangladesh which are T.K Group of Industries, Seacom Group and Jahangir & Others. The Board of Directors of the company consists of members from each of the above three groups. A total number of 450 employees work in PMCL. Currently, the company runs with an annual production capacity of 9 Lacs tons (per Month 75,000 tons). The company manufactures two types of cement which are the Portland Composite Cement and the Portland Pozzolana Cement which is made solely for exporting. The present production capacity of the ongoing project of the year 2010 of Premier Cement Mills Ltd is 1,200,000.00 tons. The company uses the European Standard Method (ESTM) to manufacture their products. They are also one of the few companies in Bangladesh who use European machineries and technologies to produce their products. Premier Cement Mills Ltd has its own mother vessels, lorries, trucks and vans through which they deliver their products to their customers. They also export their products to India and Srilanka every year. The company has recently acquired a factory of a cement company in Chittagong which will help them to expand and increase their production in the near future. The report consists of a job part where I have tried to explain about the practical experiences that I got during my analysis. The company had given me the opportunity of working in all the departments of their corporate office which were the Information Technology Department, Finance and Administration Department, Human Resource Department, Operations & Maintenance Department, Quality Assurance Development Department, Logistics and Distributions Department and the Marketing and Sales Department. . I had worked with each of these departments to learn about their jobs closely and to get an idea of how the company works overall. Some of the specific works and job responsibilities that I was assigned to were tasks like preparing and managing the Order Processing System (OPS) , analyzing sales figures, contributing in the decision making and the planning of activities taken to increase sales, involving with the setting of the HR department, assisting in managing time schedules, recording and tracking the sales call from the distribution channel, preparing documentation for exports, assisting in making policies for the health/medical benefits for factory workers, creating Product Invoice , interacting with customers in Customer Service Department, participating in the re-launching of the Cash ++ Offer 12 & the Eid2Eid Offer, reporting on price analysis and price fixation, working with the CSR marketing team and doing a comparative analysis of the websites of the competitors of PMC. While doing these jobs, I came across some areas where I have tried to find out some scope of improvement and thus gave some recommendations accordingly. In the project part of the report, I have tried to give a complete picture of the cement industry of Bangladesh. For a background, the history of the cement industry has been included. I have also focused on the various stages of the cement industry in our country hi-lighting on some of the important years and situations that took place. The ranking of the top ten cement companies have also been given which is followed by a thorough analysis of the cement industry in terms of different important time frames. The position of the cement industry and 5

Premier Cement Mills Ltd have been explained by adapting the concept of the product life cycle. Premier Cement Mills Ltd has different competitors in the market who produce similar products with similar pricing for the market of Bangladesh. A competitors analysis and the various activities of Premier Cement Mills Ltd has been discussed side by side with that of the other cement companies in the industry. Premier Cement Mills Ltd is a company who are striving hard to improve their position in the market and go for further growth and expansion. To achieve this goal, the company has developed some new exciting plans which they will implement in the near future. To analyze the state of Premier Cement Mills Ltd, the internal strengths and weaknesses along with the external threats and opportunities have also been included in the report. The company is a part of the industry and thus it very important for Premier Cement Mills Ltd to understand the situations, problems and the trends prevailing in the industry. By observing all this, I have come up with some recommendations which I have included in this report. I have ended this report with a conclusion.

Introduction :
Premier Cement Mills (PCM) Ltd is one of the leading manufacturers of cement in Bangladesh. Premier Cement Mills Limited was incorporated on 14 October 2001 but they started their production commercially on 12th March 2004. Currently, the company runs with an annual production capacity of 9 Lacs tons (75,000 tons per Month). Their products are all around us, providing strength and durability to buildings of soaring dimensions, in infrastructure that speeds the lines of commerce and for housing that provides comfort and security to families across Bangladesh. The aim of the company is to relate their brand name in cement to best quality, dependability and technical excellence. The company employs about 450 employees out of which 330 workers works in the factory of West Muktarpur Munshiganj and in their registered office in Chittagong. The remaining number of employee works in the Corporate Office of PCML which is located in Karwan Bazar, Dhaka. The Company has purchased one of the most sophisticated plant and machineries entirely from its own funds, without any project borrowing. PCML has also purchased an ideal piece of Factory Land, measuring about 15 acres, at West Muktarpur, Munshiganj; Bangladesh. On the front side of the Land is Dhaka-Munshiganj Road and on the rear side is the river Shitalakhya, which meets the river Dhaleshwari about two kilometers down stream where both together falls at the mighty river Meghna. Thus the setting of this location provides a marvelous accessibility of both land and river for the factory site of the company. With a total installed cement capacity of almost a million tons per year at Muktarpul, Munshiganj, the Company is recognized as a leading cement producer possessing an abundant supply of raw materials, low production cost and an energy efficient operation. High quality and lower price are the main characteristics of Premier cement. Application of some special technology and presence of efficient workers enables to differentiate the companys products from that of the other companies. These differentiating features include: State-of-the-art technology of grinding mill with Roll Press - ensures uniform particle size distribution. High chrome grinding media having very less wear rate, hence free iron content in cement resulting in good quality cement. Quality grinding with Closed-Circuit System. Own testing laboratories with modern equipments. The company owns ocean going vessels for clinker handling.

The Cement is packed in its own bagging plant in both paper bags and PP (plastic) bags which are available as per the demand of the customer. Having adequate numbers of own fleet of covered transport for better distribution and services. Having adequate bulk carriers and portable silos.

About Company :
The logo of the company symbolizes Inspiration. The red color epitomizes the national map for freedom and the logo is designed in a geometrical pattern symbol which itself is an inspiring article. It allows the employees to feel motivated; making them feel that if they work well, they cannot only contribute to the productivity of the company but also bring glory to the country and inspire others to that as well. This is undoubtedly, a value addition to the culture of the organization as well. In premier Cement, new system adoption is always welcome by its employees. Any kind of change is checked, and then if found positive, it is accepted which has resulted for changes to increase over the years. The aftereffect of such change is very productive and contributes to the overall growth of the organization. Performing any new task is possible with less or minimum effort because group cohesiveness is very high & distribution of labor is strictly followed. Learning any new thing is possible with minimum effort. Employees are satisfied with the new system of the organization evolving from time to time for adapting and implementing these changes. The company started off as a group of top ranking businessmen of the country set together who decided to establish a cement factory, when the sanctioned capacity of cement manufacturing plant was nearly double the demand of the country. It is one of the top five leading business houses in Bangladesh, having business in sectors of edible oil, petroleum, chemical, steel, paper, board mill, garments, leather, consumer items, commodity trading, etc. TK are the pioneer to enter the cement manufacturing, soon after Bangladesh Government opened up Cement Industry to the Private Sector. It is one of the pioneers in shipping industry in Bangladesh which has diversified itself in the businesses of Shipping, Logistics, Trading, Fishing, etc. With time, the house not only served the cement industry but it also gained wide experience in shipping both inland and ocean going for clinker trading. The Board of Directors consists of members from each of the above three groups. The Company, Premier Cement Mills Limited was incorporated on 14th October, 2001 and commercially started their production on the 12th of March, 2004. Today, with an annual production capacity of 1.6 million tons, 450 employees in operation nationwide, Premier Cement Mills Limited is one of the leading cement producers in Bangladesh. Within the span of the first 5 months, the company has achieved the ISO 9000-2001 certification from TUV, with highly skilled employees.

Vision:
Working towards the development of the society through Sustainable Growth and High Quality Performance.

Mission:
Provide satisfaction to customers, an enjoyable working environment for the employees & to create value for the stakeholders.

Four "p" s of Company :

Products:
Premier Cement consistently delivers quality products to its customers. Their automated manufacturing facilities and fully equipped laboratory with dedicated team ensures quality for each batch of production. Premier Cement adheres to the European Standards. The Cement gets its unique characteristics by using the high quality clinker, slag and lime stones. It provides the extreme of workability, durability and long-term strength. Premier Cement is produced according to the European norms EN 197-1:2000. From the beginning of their operation, the company has been consistently ensuring the following features for their products: Exceptional Strength: At Premier Cement the chemical composition and grinding fineness are closely monitored to ensure the Bangladeshi BDSEN, American ASTM, European EN, and Indian BIS standards are surpassed and the customers get cement of strength. Ideal setting time: In order to allow sufficient time for application, cement must have a quick initial settings time. The final settings should not take too long once it is in a place. At Premier Cement Mills Ltd, the ideal initial and final setting times are maintained. Currently Premier Cement is manufacturing the following types of cement: 1. Ordinary Portland cement Type-II is the most common type of cement in general used around the world as it is a basic ingredient of concrete, mortar, stucco and most nonspecialty grout. It is a fine powder produced by grinding Portland cement clinker (95%) and a limited amount of Gypsum which controls the setting time. It conforms to the Bangladesh Standard BDS EN 197-1:2003 CEM-I 42.5 N, European Standard EN 197 type CEM I, and American Standard ASTM C 150 Type I mark. 2. Portland Composite cement: Premier Cement standard: BDS EN 197-1:2003 CEM II/AM or BM 42.5N which is Portland composite cement. It is the most common type of cement used in Bangladesh which consists of Clinker, Slag, PFA, Gypsum, and Limestone. 3. Portland composite cement plays a vital role in European market. It is made by inter grinding or blending clinker and Gypsum with one or more of the mineral components which are given below: 4. A latent hydraulic component: e.g. Ground Granulated Blast Furnace Slag, Pulverized Fuel Ash (PFA) 5. A pozzolanic component: e.g. natural pozzolana, Fly Ash (Class F) 6. An inert components: e.g Limestone and sand which usually do not have any real participation in the chemical hydration process and is produced by grinding or blending of the constituents.

Production Capacity:
Premier Cement produces a total of 4000 tone of cement per day. Two ball mills are used for producing these cements in a day. Each of these ball mills has a capacity of producing 2000 tone

each. Like other foreign and local cement companies of the country, each packet of Premier Cement weighs 50 kg.

Prices:
The pricing of cement of various players in the industry are very close to one another. Due to the presence of homogeneous products in the market, price war is a sensitive issue in this industry which exists from time to time in the cement market. Cement prices have been on an upward trajectory since 2007 in line with steady increase in clinker costs. However, the large capacity expansions are expected to weigh down on price realizations by cement companies due to increasing availability of product. Moreover, cement prices, like all commodity prices, are influenced by demand-supply dynamics. Seasonal factors like weak demand during monsoon in most areas also put pressure on prices. As the freight cost accounts for a substantial proportion of sales price, the ruling market price of cement becomes different in different regions. Currently, the standard price of one bag of cement produced by the multinational cement companies ranges within BDT 370 to BDT 390 per bag. On the other hand, price of one bag of cement produced by the local companies ranges within the price bracket of BDT 340 to BDT 365. Additional capacity utilization of the existing units as well as commissioning of new producing units is likely to bring down the sales price, unless there is an equivalent rise in demand. But if the demand does not rise proportionately to absorb the additional supply, the units would have to lower price to induce more sale to maintain the required level of revenue income. The quality of cement, brand image, export potential, price of cement in international market, anti- dumping position of cement manufacturer, future tariff policy etc. will have an impact on price of cement in future. The factories which would be using captive power, which is cheaper and more reliable than grid power and backed by uninterrupted clinker supply at competitive price are likely to be more cost efficient to emerge as the market leader.

Hence, average price of cement is expected to increase by BDT 5.0 - BDT 10.0 per bag over the next 3 years. Price may not increase in line with increasing demand as the cost of sales may dip due to stable clinker price and increasing supply of product.

Price of competitors products:

Currently, 31 cement companies are operating in the cement industry of Bangladesh who are producing similar products. Due to the presence of homogeneous products in the market, price war is a sensitive issue in this industry which exists from time to time in the cement market. Another component which is taken into consideration while fixing the price of cement bags is done by observing the price of the competitors products.

Place and Promotions :

The big cement companies of Bangladesh (referring to the top 15-20 companies) cater their products and services to a similar line of customers. The customers of the companies are also the players of the distribution network of the company. The categories of customers are as follows: Distributors Dealers

Retailers Industrial Personal/ Personals Large Contractor Real Estate & Developers Home owners Clients and customers in export areas

Promotion involves dissemination information about product. A product, product line brand or company. It is one of the four key aspects of the marketing mix As the market is becoming more and more complicated, creative and attractive promotional strategies are considered as the key to stay in the scenario. The specification of these four variables creates a promotional mix or promotional plan. A promotional mix specifies how much attention to pay to each of the four subcategories, and how much money to budget for each. A promotional plan can have a wide range of objectives, including: sales increases, new product acceptance, creation of brand equity, positioning, competitive retaliations, or creation of a corporate image. This is another sector where the cement companies compete greatly with another. Both electronics and print media are used by the companies to promote their products and services to the customers. Some common promotional tools that are used by almost all the top cement companies of Bangladesh are as follows: Promotional Campaigns News paper Advertising Wall paintings Signboards and Customized Accessories Events Sponsor Television Internet Radio Magazine POMOTIONAL ACTIVITIES PREMIER CEMENT MILLS : Premier Cement Mills LTD Highly values is promotional and marketing campaign: Premier Cement gives a lot of emphasis on different types of promotional activities to establish their brand image. Since the beginning of their business venture, they have been focusing mostly on two types of basic promotional activities to promote their product to of basic promotional activities to promote their product to their clients and customer. In 2010 PMC has allocated 2% Budget from the total sells of their products which amounts to taka 9 crores. The company focuses mainly on outdoor marketing and various types of events to promote their products. Some of the promotional activities that Premier Cement has taken and the tools that they have used are: Leaflets: From June, 2007 Premier Cement has started leaflet distribution to grab a brand image to the customer another intension behind distribution the leaflet was to inform the customers about the ongoing promotional offer which can help to boost the overall sales of the company as well. Leaflet is one of the best ways to communicate directly with the customer. According to Shaun parker it is a fantastic way to build brand recognition over a

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period of time1. It might not bring instant reaction from the target group but leaflet will create the brand recognition which might cause a future purchase. Newspaper Advertising: In order to establish Premier Cement as a power rport advertisements every week in Daily Prothom Alo, Daily Samakal, Naya Diganta, Amader Shomoy, Dainik Korotoa and other weekly newspapers. (sample of advertisement given in Appendix).On different occasions, newspaper advertisements are also given which are mainly thematic advertisements. Such newspaper advertisements are very important for brand establishment as it enables the company to reach to a huge number of target audiences at the same time in a lesser cost. IMPACT OF THE BUSINESS ON THE ECONOMIC PATTERN OF BANGLADESH: In Bangladesh, the main cement consumers are: 1. Individual home makers 2. Real estate developers 3. Govt. organizations, i.e., LGED, RHW etc.

Major User Group of Cement Individuals Real estate developers Government projects 25% 35% 40%

Cement Consumption and GDP Growth rate

Year MT (in mn) 2005 7.60 2006 8.40 2007 8.20 2008 8.54 2009 10.57 2010 13.93 Cement consumption Growth in last 5 years GR % 11% -2% 4% 24% 32% GDP Growth rate 5.96% 6.63% 6.43% 6.19% 5.74% 5.80% 83%

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Cement Industry Regional in Nature

Cement is a high-volume, low-value commodity. Transporting over long distances adds to the cost, resulting in lower margins to the players. This makes cement a regional commodity where lower distribution cost makes it remunerative to producers. Cement consumption varies region wise because the demand-supply balance, per capita income and level of industrial development differ in each region. In our country Dhaka, Chittagong and Mongla account for 91% of total consumption. 12

FUTURE OUT LOOK OF CEMENT INDUSTRY OF BANGLADESH

Considering the Life cycle of the industry, currently cement industry of Bangladesh is in the growth stage. Sales of cement are increasing due to an enormous demand for cement in both the local and foreign markets. The industry realized about 30% and 21% growth in 2009 and 2010 respectively after suppressed demand from previous years. Industry expected demand growth is 20%-25% for the next three years based on the assumptions below. 1. Government would be able to materialize its important ADP of building big infrastructure projects. 2. According to the UN Population Fund (UNFPA) report 2010, 28% people of our country live in urban areas where the population growth is 3.2 per thousand. Urbanization and demand for accommodation is increasing day by day. Thus it is expected that the real sector will grow steadily with the household users increasing cement consumption pattern. 3. Private sector may get interested to invest in real estate for getting tax advantages of their undeclared funds 4. Good number of large infrastructure construction projects (Padma Bridge, Flyovers, highways) are on the pipeline. 5. There is no Substitute for Cement. Steel can be used in construction but in limited extent due to its high cost. On the flip side, some caution has to be maintained due to the current demandsupply gap leading to over capacity and falling margins and prices. Also, given the close linkages between them, the effect of a slowdown in real estate growth or hike in interest rates globally or price increase of imported raw materials should also be considered.

Strong Future Growth of Developing Asian countries

A number of developing countries in the Asia/Pacific region is attaining strong gains in cement consumption. China, which accounts for nearly half of world cement demand, is facing a slowing rate of growth as construction spending is decelerating. Other fast-growing markets for cement in the region like Philippines, Thailand and Vietnam, all are enjoying stable growth rates of exceeding 6% per year. In the developing nations of Latin America, Eastern Europe and the Africa/Mideast region, however, advances in cement demand has slowed down considerably from the robust gains seen during the 2003-2008 period. Increases in cement demand in the developed areas of the US, Western Europe and Japan is lagging the average global pace of growth. Basically, by nature, global demand of cement is rotating according to the growth of the construction sector in each region. High demand for cement had been observed in Europe and America during FY1960-70. After FY1970, cement demand shifted to India, Malaysia, Hongkong, Singapore and Korea. High Demand for cement continued in these areas till FY1990. From FY2000, developing countries of Asian regions like Bangladesh, Pakistan, Nepal and Burma are now enjoying high growth rate of cement consumption. This trend is expected to continue till FY2035.

Creating Product Invoice

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While working in the Marketing Department, I did some of the invoice for them that related to the products being sold in Bangladesh. This Invoice is done in PCM by using software. The invoice that I was asked to prepare was the customs invoice which dealt with the exported goods only. While preparing these invoices, I had to fill in various information related to the cement being exported to the foreign country. Some of the information that I had to fill in was the description of the product, quantity of the product, freight, packing cost, selling price, weight of the goods, terms of delivery and port of destination.

The evolving scenarios of the cement industry of Bangladesh

In the year of 1995, the government first gave permission for establishing cement industries in Bangladesh. However, this permission was given to the companies without any kind of thorough prior study of the industry. Thus the starting point of the establishment of the cement industry took place without the proper analysis of the demand and supply of cement for the country. Within the span of the next 2 to 3 years, the supply of cement coming into the country faced an expanded capacity of the product. The figures showing this sudden change is given below: As time went by, the demand of cement increased as infrastructural development projects took place in Bangladesh. Most of the cement companies back then was import based that brought this product from other countries to meet the demand of their clients in Bangladesh. However, there were mainly four dominant players in the cement industry in the year 1998 that produced their own cement to meet the demand of their customers. These companies were: Meghna Cement ( owned by Bashundhara group) Eastern Cement ( currently known as Seven Horse) Chatok Cement (Currently taken over by Heidelberg where the local brand is called Ruby) Chittagong Cement (which was initially owned by the government, currently known Confidence Cement).

as

In the year 1999, the demand of cement rose to 3 million tones suddenly. To meet this demand the existing companies planned to increase their production capacity and more entrepreneurs became interested in venturing their business skills into this sector. Two big companies entered the cement industry in the year 2000 and 2001.Despite the emergence of cement companies in Bangladesh, the demand of the cement rose significantly, whereas the supply of the cement was insufficient to meet this demand. Till the year 2002, only one type of cement was available in Bangladesh which was the clinker based cement. This is known as the Ordinary Portland Cement (OPC) which is made as per the method known as the American Standard Method (ASM). From the year 2002, various types of cements became available in Bangladesh which helped the cement industry to provide differentiated and improved products to their customers in Bangladesh. The cement which is widely used from the year 2002 till now is the composite cement which is made by using the method of the European Standard Methods (ESM). The composite cement has many advantages over the clinker based cement .The composite cement consist of cements of different layers which is ideal for building the different types of structures in a building. The different layers of cement have been graded as per the strength provided by the cement. Holcim Black Cement was the first local company who started producing composite cement in Bangladesh. Currently, most of the companies can be identified as the grinding 14

mills rather than just pure cement companies. Only Chatok (the oldest cement company) and Lafarge are the absolute cement producing companies in the country today. Over the time span of last five years, the growth in the cement industry has been 130%, however the total industrial growth has been 53% in the last one year (FY2009 to FY2010). Currently there are 31 cement companies operating in the cement industry actively. The total production capacity of all the companies for this year is more than 17 million ton and the current Industry Consumption is 12.5 million/annum (refer to table Present & Upcoming Capacity of Running cement industries in Bangladesh.

Ranking of the Cement Companies

31 cement companies are operating in Bangladesh. They vary from one another in terms of their production capacities, resources, technological application etc. The names of the top ten cement companies are listed below.

An overall Industry analysis

The cement industry came into picture in Bangladesh during the middle of 1980s as some infrastructural development projects took place. However, the starting point of the 1. Shah Cement 2. Heidelberg Cement ( Ruby) 3. Meghna Cement Mills ( Bashundhara Group) 4. Holcim BD Ltd 5. Seven Circles Cement Ltd 6. Unique Cement Ltd 7. M.I Cement Factory 8. Lafarge Cement (BD) 9. Premier Cement Mills Ltd 10. Akij Cement Ltd cement industry took place began from the year 1995. Within the time span of a decade, the smaller companies shut down while the bigger ones expanded more and more, making a more dominant place for themselves in the market of cement today. The industry which was mainly import based till the year of 1999 to 2000, now not only makes their own cement but also exports their products to countries abroad as well. The current statistics of demand and supply of cement in Bangladesh are given below:
Year 2010: Demand of cement = 12.5 m/tone per annum Supply of cement = 18.5 m/tone per annum According to some industrialists, it has been forecasted that these statistics are likely to change within the next two years only. The forecasted statistics are as follows: Year 2012:

Demand of Cement/ capacity = 21 million tone

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Growth Rate= 13 to 14 million tone Both the demand and the production capacity of cement are likely to increase within the next two years for similar reasons which are prevailing today. Some smaller companies with shut down (just like before) and the gibber companies will expand more and compete with one another vigorously. In addition, the present government of Bangladesh has allocated a huge amount for the Annual Development Project (ADP) budget for the upcoming infrastructural projects of the government to be located in Bangladesh. Some of these big projects which are/have undergone agreements are the construction of Padma Bridge, Elevator Express (4 lane roads between Dhaka and Chittagong) and the construction of a Power Plant for the Bangladesh Power Development Board of these projects would create a huge demand for cement in the market in the near future creating more opportunities for these companies to accommodate their increasing production capacities and to earn profits. By analyzing all the information mentioned above, it can be said clearly that in the life cycle of a product (industry in this case), in Bangladesh; the cement industry is in the growth stage currently. This phase of the industry has been illustrated in the graph below.

Recommendation:
Although similar type of cement is produced by all the cement companies, it is still very important for each of these companies to stress on the functional and the distinctive benefits of their products. They should make it clear to their dealers and retailers so that with people knowledge ,that sellers can also help the customers to make decision. No matter how small the benefit is but customers should be made aware of it so that they are wiling to pay that extra money for purchasing similar type of cement of one company over other. A simple example could be that of the packing facilities. PMCL produces both paper bags and PP plastic bags. As per the customer demand and the factory purchase requisite, the cement is packed to any of these packets. This is one facility that all the cement companies of the country are not providing their customer with. PMCL may adapt this simple functional benefit of theirs into use in such a situation Lower exposure of the cement industry: From a third persons point of view, the overall exposure of the activities of cement companies in Bangladesh is very low compared to other emerging industries of the country. Before I joined this company. I had no idea that the operations of cement industry is so interesting and that

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there is so much goin on in this industry. Due to this lack of proper Exposure, the ordinary citizens (those not related to the cement industry do not have much knowledge about this industry.

Conclusion
Ever since I started taking interests in internship, I learnt that most of my seniors were doing their internships in telecom industry, financial institutions and FMGC companies. Contrary to this prevailing trend, my decision to join a cement company was quite different. However starting my internship with little or rather no knowledge about the cement industry of the country, I really did not know what to expect from this analysis. I really did not think that my experience with Premier Cement Mills Ltd would be so interesting and enriching. Although I worked for a short period of time with the company, it was a good thing that I got an opportunity to work with almost all the departments of the corporate office of PMCL. In terms of the number of human resource working in the corporate office of PMCL, it is not very high and thus everyone is working with almost everyone in one way or the other. This close interaction benefited me as I was able to gain a lot of knowledge about the company and the industry by observing, performing the tasks that I was assigned to and by working with the employees of PMCL. I feel that the size of the company and my exposure to all the departments of the company actually helped me to gain an overall idea of the operations of the company and the industry in Bangladesh. This would not have been possible if I was engaged in a particular department or a very big company. My field visit to the factory of the company in Muktarpur, Munshiganj and to the engineers and the Masons meetings were also very interesting where I gained some practical knowledge. Overall, my experience of doing my internship with PMCL was quiet enjoyable. The cement industry is one of the newer but a promising industry of the country. There is a huge room for growth of this industry in Bangladesh in the near future. As a result, I feel that a lot of students can actually think of building their career with the cement companies of the country. I would be glad to contribute as well if given a chance as this industry not only promises to build peoples homes but also contribute to the overall development of the country.

References
1. www. Google. com 2. Analysis of premier cement by Brack University of Bangladesh. 3. Annual Report of premier cement 2011. 4. DSE market analysis of premier cement. 5. Analysis of Cement Industry Sector By IDLC.

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