Premier Cement is a leading cement manufacturer in Bangladesh. It produces ordinary Portland cement and Portland composite cement. Premier Cement uses an integrated marketing communications strategy including advertising, sales promotions, public relations, and sponsorships to promote its brands and increase sales. It aims campaigns at both existing and potential customers. Premier Cement coordinates its various communication channels and evaluates the effectiveness of its IMC programs. However, its communications could be expanded to better cover target markets and drive desired customer responses.
Value-added describes what happens when you take a basic product and increase the value of that product (and usually also the price) by adding extras in the manufacturing process, or by tacking on extra products and/or services.
Value-added concrete allows you to differentiate yourself from your competitors and make more money. You can increase the price of your concrete based on superior concrete mix performance and decrease the use/cost of cement. Specialty concrete mixes, including the use of color, admixtures and Supplementary Cementing Materials (SCMs) can reduce your costs and heighten your revenues. Among other things, you can enhance durability, workability and set times while delivering a higher performance mix. Pro all can provide specialized dispenser/metering systems so that you can deliver a premium concrete product.
Estimation of market size and potential of fibre cement boards for mumbai marketSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
Value-added describes what happens when you take a basic product and increase the value of that product (and usually also the price) by adding extras in the manufacturing process, or by tacking on extra products and/or services.
Value-added concrete allows you to differentiate yourself from your competitors and make more money. You can increase the price of your concrete based on superior concrete mix performance and decrease the use/cost of cement. Specialty concrete mixes, including the use of color, admixtures and Supplementary Cementing Materials (SCMs) can reduce your costs and heighten your revenues. Among other things, you can enhance durability, workability and set times while delivering a higher performance mix. Pro all can provide specialized dispenser/metering systems so that you can deliver a premium concrete product.
Estimation of market size and potential of fibre cement boards for mumbai marketSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
this is the report which we have made on the company that is Ultratech cement. here i have given the objective of doing survey and i have also clearly mentioned the sources that from where this information is gathered. here i have also explained the price effect, income effect and substitution effect which is very important term for our economy. i have also made the questionnaire and asked with the dealer and here is the whole details
Dealers preference towards paint companyvikash1808
Summer training report on the topic "Knowing the status of Berger Paint Company in Gurugram City" You can Also use this topic as "Competitor Analysis of Berger Paint Company in Gurugram City"
Analysis of Paint Industry, Modes of Packaging and Usage of TIN in Paint Indu...Sautrik D. Mantrani
A Study of paint industry in India and packaging in Tin -Cans. Preparation of template and forecasting of tinplate in the view of Tata Tinplate( The Tinplate Company of India Ltd.).
this is the report which we have made on the company that is Ultratech cement. here i have given the objective of doing survey and i have also clearly mentioned the sources that from where this information is gathered. here i have also explained the price effect, income effect and substitution effect which is very important term for our economy. i have also made the questionnaire and asked with the dealer and here is the whole details
Dealers preference towards paint companyvikash1808
Summer training report on the topic "Knowing the status of Berger Paint Company in Gurugram City" You can Also use this topic as "Competitor Analysis of Berger Paint Company in Gurugram City"
Analysis of Paint Industry, Modes of Packaging and Usage of TIN in Paint Indu...Sautrik D. Mantrani
A Study of paint industry in India and packaging in Tin -Cans. Preparation of template and forecasting of tinplate in the view of Tata Tinplate( The Tinplate Company of India Ltd.).
We have the pleasure to introduce KIKOS CHEMICAL PRODUCTS LTD which specializes in the manufacturing, distribution and application of exclusive building products. The ethos behind the company is to provide the building industry with exclusive materials, expertise and exceptional service.
Kikos Chemical Products ltd is the exclusive distributor and applicator of Moran plastering paints, Milano decorative driveways and floors, Wallmax wall cladding, Dunet floor and wall tiles, Chico counter tops and Ajay roofing tiles.
Our business and manufacturing practices reflect our philosophy of responsibility.
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India has the potential to evolve as a global manufacturing hub by 2030, adding more than $500 billion annually to the global economy. Undeterred by humongous challenges, the manufacturing industry hasn’t stopped building itself faster and moving towards growth. To appreciate the noteworthy contribution of the entire manufacturing sector, we present “10 Best Manufacturing Companies Fueling India's Growth”
Mẫu thiết kế profile Công ty xây dựng BMT bằng Tiếng AnhSaoKim.com.vn
Mẫu thiết kế profile Công ty xây dựng BMT bằng Tiếng Anh với dung lượng 20 trang do Sao Kim thực hiện
Xem ngay các dự án thiết kế profile được nhiều khách hàng lựa chọn nhất: http://www.saokim.com.vn/dich-vu/tai-lieu-marketing/thiet-ke-profile/
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Developing& Implementing A Marketing Consultancy Business Plan by MMHM H
This is a marketing consultancy business plan to be operated in Chinatown area of Australia.
MarketCons is a Sydney based start-up business that provides customized planning, efficient marketing, and designing services to small businesses. The company is committed to serve small business clients who need support in the areas of technical, logistical, and business strategy services. MarketCons will offer a wide range of services including market research, designing services, marketing etc. MarketCons focuses on providing the best quality services, maintaining client’s satisfaction and maintaining professionalism. Vision of the company is to be one of the leading marketing consulting firms in Sydney.
Similar to New IMC Strategy Of Premier Cement (20)
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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Personal Brand Statement:
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www.seribangash.com
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
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Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
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1. 1 IMC of Premier Cement
Group10:Juggernaut
Premier Cement: Our cement
Premier cement is a leading manufacturer of cement in Bangladesh. The 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 brand name Premier Cement means best quality, dependability and technical
excellence. Their associated companies adhere to the same demanding standards as they cater to
Government, Real Estate, Developers, Industrialists, and Manufactures of construction materials
such as Ready Mixed Concrete, Block, Pipe, and other pre-stressed concrete units. They have a large,
dedicated and qualified customer support and sales team and the technical support team are always
ready to provide the quality service to its customer. Premier cement enjoys a long history and
sustaining reputation in Bangladesh. It is their experience that excels on top of the game in the
market where supply capacity is double the demand of the country. The company also exports their
products to India and Sri Lanka 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 coming
years.
Company Inception & Expansion
A Group of highly experienced and leading businessmen in the country set together and decided to
establish Premier Cement factory with the sanctioned capacity of cement manufacturing plant. The
team consists of three leading group of companies in Bangladesh T.K Group of Industries, Seacom
Group and Jahangir & Others.
The Board of Directors consisted of members from each of the above three groups. The Company,
Premier Cement Mills Limited was incorporated on 14th October 2001 and commercially started
production on 12th 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. The corporate office and the commercial building of Premier Cement Mills
Ltd are located in TK Bhaban, Karwan Bazar, Dhaka. The other office of PCML is located in
Chittagong.
The Company purchased most sophisticated plant and machineries entirely from its own funds,
without any project borrowing. The Company also purchased most ideal piece of Factory Land,
measuring 15 acres, at West Muktarpur, Munshiganj; on the front side of the Land is Dhaka-
Munshiganj Road and on the near side is the river Shitalakhya, which meets the river Dhaleshwari
about two kilometers downstream and both together falls at the mighty river Meghna. Thus there is
wonderful accessibility both by land and river from factory site.
2. 2 IMC of Premier Cement
Group10:Juggernaut
Product Offerings
Currently they are manufacturing following types of cement:
1. Ordinary Portland Cement (OPC): Ordinary Portland cement
Type-I is the most common type of cement in general use around
the world. It is a basic ingredient of concrete, mortar, stucco and
most non-specialty grout cement. It is a fine powder produced by
grinding clinker (95%), a limited amount of Gypsum which
controls the setting time.
2. Portland Composite Cement (PCC): It is the most common type of
cement used in Bangladesh which consists of Clinker, Slag, PFA
(Pulverized Fly Ash), Gypsum, and Limestone.
Market Share
Current Marketing Communications of Premier Cement
To establish their brand Premier Cement is currently using a communication mix consisting
consumer promotions and trade promotions.
The activities that Premier Cement has taken are following:
1. Media Advertising: Premier Cement use newspapers, magazines, TVCs for promotional
purpose of Cash++ offers and Eid to Eid offers in the off peak seasons to increase sales. They
give print and broadcast advertisement of their offer at The Daily Shomokal, Noya Diganto,
Inqilab, Azker Khobor, Bangladesh Protidin etc. newspapers and also in various business
Survey Conducted by Matrix Consulting Ltd.
20%
19%
11%11%
9%
7%
8%
6%
9%
Market Share
Others
Shah Cement
Lafarge
Heidelberg
King Brand
Fresh
Premier
Crown
Holcim
3. 3 IMC of Premier Cement
Group10:Juggernaut
magazines and directories. Currently they don’t
give any corporate ads on TV/newspaper.
2. Direct Response Advertising: Premier Cement
uses direct response advertising for their
corporate clients. They use mailing, telemarketing,
fax mail or other communication tools to
communicate directly to their corporate customer.
Sometimes this communication tool is also used
for general customers as well on specific occasion.
3. Outdoor Advertising: Premier Cement is also engaged in huge outdoor advertising. They
have some billboards in Dhaka city and some billboards are in different districts. They are
more concentrated on building façades and low wall painting beside highways. The company
has huge number of shop paints in the whole Bangladesh. Premier Cement also does
postering, police box advertisements all over the country, especially in Dhaka. The outdoor
advertising is placed mainly before the offer time of the Cash++ offer and Eid 2 Eid offer.
They also provide signboards and light box to the dealers and project boards for the
developers.
The total advertising tools that Premier Cement used is shown below:
1. Consumer Promotion: To promote sale the company has credit facilities for its distributors.
Premier Cement give short term incentives (during the off peak season) to their customers.
They give a gold card on cement purchase where certain cash is given back to the customer
from their purchase. Besides this the company also provides some gifts to its retailers and
distributors.
2. Trade Promotion: Premier cement provides certain benefits to its distributors and retailers.
The Eid 2 Eid offer is basically for the retailers. They give coupons to its retailers and provide
some incentives on the basis of their sales. Besides this the company arranges yearly
conference with the dealer in a 5 star restaurant where special gift items is given to them
with free vacation package or tour.
Fig: Screen shot of TVCs
4. 4 IMC of Premier Cement
Group10:Juggernaut
3. Publicity or Public Relations: Premier Cement expense a lot in company publicity and public
relations. For publicity they have company brochure, leaflet, banner, festoon, BUET Test
sticker etc. and they provide these to the cement shops all over the country. Also company
has publications, community relations in the industry. In maintaining public relations
company provides T-shirt, mug, dinner set, note book, calendar, slip pads, umbrella,
shopping bags and other stuff to company publics. Company organizes mason meeting,
dealer meeting, and engineer meeting in every month at different districts. Company
arranges workshop on house building, mezban and other different programs that helps to
increase the bondage within company various publics.
4. Sponsorship and Event Marketing: Premier Cement always sponsored different kinds of
program which is related to buildings and architectures. They also sponsor different kinds of
cultural program like 100 year anniversary of Teachers Training College Dhaka, International
Mother Language day program at Dhaka University etc. Premier Cement also sponsors
sports clubs in divisional and premier leagues.
Fig: Premier Cement, Co-sponsor of Sylhet Royals in BPL
Fig: Total advertising tools of Premier cement
•National, Local
•Press ReleaseNewspapers
•Adverts, Airtime
•FM 89.6, Ratio Foorti, Bangladesh BetarTV & Radio
•Billboard, Shop-sign board, Shop decoration, wall painting,
project board
•Show piece
Outdoor &
Indoor
•Real Estate, Yellow pages
•Mail to Corporate customer & others
Directory &
Direct mail
5. 5 IMC of Premier Cement
Group10:Juggernaut
The total sales promotion and public relations used by Premier cement is shown in the following
figure:
Integration of Communication Mix
The tools that Premier cement uses on its communication mix are integrated to each other strongly.
As mentioned earlier the company’s promotional activities is based on its offers during the off peak
season when sales decreases because of rain. So, company’s promotion and communication mixes
works as an important element since it helps to match up with the sales target during the dull
season. As such, the company’s communication tools works in combination so that its sales offer
becomes successful in the end. For example, after launching of Cash++ offer this year the company
gave paper ad immediately on the daily newspapers as well as did postering all over the country to
make people aware of their offer. Company also gives bill-board ad, wall painting and Police box
painting across the city so that the offer can create impact in the customer mind. After that when a
customer is aware and goes for purchase in near cement shop they see festoon and leaflet of
Premier cement new offer. Thus because of distributing, arranging and integration of
communication tools properly it creates a positive impact to the customer mind.
IMC Strategy Development at Premier Cement
In developing IMC strategy there are certain steps that Premier Cement follows. In promoting their
brand and new offer the company tries to implement that effectively to remain successful in the
competition. The sequence of developing effective communications that Premier Cement follows are
describe below:
• Identify the target customers: In launching and promoting the new offer at first Premier
cement identify who are there target customers. They target for both their existing
customers and potential new customers for the offer. The customer group can be general
customer, corporate customer or government. As such Premier cement currently has two
•Contest/Award & Corporate promotion
•Test fee for BUET & others
Consumer
Promotion
•Yearly gift for distributors
•Tour, Yearly conference, Trade ShowsTrade Promotion
•Mezban for distributors/retailers
•Cultural program sponsoring, Mason's workshop etc.Events
•Entertainment exclusive gifts, direct mail
•Greetings, Foreign tour etc.Personal Selling
Fig: Total sales promotion and Public relations of Premier cement
6. 6 IMC of Premier Cement
Group10:Juggernaut
offers, so they design their communication strategy one for their general customer (Cash ++
Offer) and other for their retailers (Eid 2 Eid Offer).
• Designing the communications: After determining the target customers Premier Cement
formulates their communication massage. And they try to do it in a creative way so that it
reach and adapt to the customer easily. In designing the communication massage effectively
Premier cement goes for different ad agencies (Biborton, Jara, Panshi etc.) under the
supervision of the brand department. The company gives responsibility to design the
communication massage to the ad firm to ensure that the massage appeals, theme or ideas
are different and sustainable.
• Communication Channels: Nonpersonal communication channel is used by Premier cement
in order to select the communication channels. It includes media, sales promotion, events
and public relations to affects the customers’ behavior directly. In different phases the
company uses the communication channels to send the massage.
• Setting total communication budget: Determining total promotion budget is a quite difficult
task since company has to set it before the promotion campaign. In setting up total
promotion budget and mix Premier cement uses the combination of affordable method and
percentage-of sales method. At first the company sees how much they can afford on
promotion and setting the budget at a certain percentage of the unit sales price. The
company does it to manipulate promotion spending, selling price and profit per unit. The
overall promotion budget (in percentage) of Premier cement for the year 2011-2012 is
shown below:
31%
36%
28%
1%
3%
1%
Promotion Budget 2011-2012
Sales Promotion
Advertising
Public Relation
Consultancy Fee
Presonal Selling
Others
Fig: Promotion Budget 2011-2012
7. 7 IMC of Premier Cement
Group10:Juggernaut
Online and Social Media
Premier Cement currently does have a well-structured website but all the pages are not equally
developed. Some of the pages go to broken links and some of the pages are yet to be completed.
But as far as the functionality and design are concerned, the website is quite up to the mark.
The website also contains a media center which is a library of all their communications. The contents
of the page are yet to be completed.
8. 8 IMC of Premier Cement
Group10:Juggernaut
On the contrary their facebook fan page is not properly managed and they do not share regular
contents through their page. The number of fans is also not satisfactory.
Execution of Brand Marketing Program
After the strategy development on how promotion and integrated marketing communications will
be working; the company Premier cement gives emphasize on the proper execution of their brand
marketing program. The company believes through proper execution of IMC it can produce stronger
massage consistency and help to build brand equity that creates greater sales impact. Right
execution of brand marketing programs can help company to communicate its positioning and
understanding of relative importance of each vehicle, and timing issues. The application of brand
marketing programs given the company’s function is describe below:
1. Choosing Brand Elements: In case of choosing brand elements, a number of options and
criteria are applied by Premier cement. In company’s promotional activities the common
brand elements like brand (company) names, logos, image of cement package and company
slogans are chosen to enhance brand awareness or facilitate the formation of strong,
favorable and unique brand associations. In the offer period mostly the offer and its prizes
like i.e. truck, car, motorcycle, TV, freeze, raffle draw etc. are highlighted in the promotional
campaign. Brand elements are also employed on those special programs.
2. Integrating the Brand into Marketing Activities and the Supporting Marketing Programs:
Brand elements of Premier cement also used in the company’s marketing activities and the
supporting marketing programs. For example, the brand tools (brochure, leaflet, sticker,
company diary etc.) are used in the company’s sales promotion and trade promotions. And it
enhances the company’s image to its customers and associates. In the company’s supporting
marketing programs like mezban, dealer/retailer meeting, mason’s workshop, sponsorship
etc. programs brand tools are also used to increase brand equity among the company’s
stakeholders as well.
3. Leveraging Secondary Associations: We all know that, another significant ways of building
brand equity is to leverage secondary associations. As such Premier cement is quite new in
9. 9 IMC of Premier Cement
Group10:Juggernaut
the industry, so to link with the other entity or with the secondary associations is not
practice yet by the company. However, the company willing to borrow or leverage with
some other associations for the brand to create some associations of the brands own and
thus help build its brand equity. Currently, they are doing though through its sponsorship,
event marketing or CSR activities so that its customers may infer that the brand shares
associations with that entity, thus producing indirect or secondary associations for the
brand.
Managing and Evaluating IMC Programs of Premier Cement
Managing and coordinating the entire communications process calls for integrated marketing
communications (IMC); assessing the collective impact of an IMC program is very important. By the
following six criteria it is examined whether Premier Cement communications are truly integrated or
not and its discrepancy.
• Coverage: Premier Cement does communications in all their distribution zones and also
distributes their brand tools in that zones. Though its communications is all over the
divisions but it is limited and the communication options are not adequate enough to reach
the target market. For example, the market communications are heavily based on the Dhaka
city and areas where their sale is high. Thus at present the distributed brand communication
tools do not covers their targeted market.
• Contribution: Through Premier Cement present marketing communications options it able
to create awareness, brand image and exposure to enhance sales. However, it cannot
produce their desired customer response using their traditional communication options. As
a result, their sales target is fluctuating since promotional campaign is only based on the
specific seasons.
• Commonality: Premier Cement uses its communication options to its common associations
so that it reinforced the common meaning consistently and cohesively. Here, different
communication options should be used to reach its current and additional associations so
that the massage can be recalled and easily linked the brand in memory. It is important to
remain competitive in the market.
• Complementarity: Though different brand associations are used by Premier Cement to
complement with communication options that eliciting customer response. Nonetheless,
particular type of brand associations’ linkage with the communication options that
complement with the marketing program is still missing at Premier Cement. The company
has to emphasized brand associations and linkage across its communication options.
• Versatility: Premier Cement gives communication program taking different customer group
in mind so that they behave in the desired response. Here, the company’s problem is the
communication program is not so robust to reach different customer group. The company
has to arrange programs that effectively communicate to customers who have or have not
seen other communications.
10. 10 IMC of Premier Cement
Group10:Juggernaut
• Cost: Premier Cement weigh out all their communication cost to do effectively and
efficiently all their communication program. The company has to increase expense in their
promotion to the above criteria to implement the marketing communication options in a
right way.
Conclusion
Marketing communication involves disseminating information about a product or product line, a
brand or a company. As such the cement market is becoming more and more complicated, creative
and attractive promotional strategies are considered as the key to stay in the competition and for a
sustainable growth in this industry. Premier Cement is trying to establish a strong network with their
customers and associates all over the country to stay in the long run in the cement industry. Doing
so, the company should have to think about their integrated marketing communications program
not in a conventional way but in a contemporary way to stand out in competition.
On the other hand building powerful brands has its rewards. Marketing professionals can look for an
increased ROI, new efficiencies, channel cooperation and reduced competition because of an
established powerful brand. As Premier Cement is still new in the industry and they are gaining the
momentum day by day, so there is a good opportunity ahead for the company to establish their
brand and become the ultimate choice for the customers.
Questions
1. Pick ONE media which you think Premier Cement could have used more. Describe how
Premier Cement could have utilized that media in integration with the messages
disseminated through the other media.
2. Analyze the existing channel strategy and message strategy of Premier Cement. Discuss
recommendations for communication strategies.