Cement News tagged under: CMS Cement
CMS potential beneficiary of hydroelectric project04 July 2017, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) could benefit from the Sarawak Baleh Hydroelectric Project (HEP) as the company is the sole cement producer and major building material supplier in the state, Maybank Investment Bank Bhd believes. The joint venture hydroelectric project between China Gezhouba Group Co Ltd and Untang Jaya Sdn Bhd would be looking to procure up to 45 per cent of locally-sourced content, which was expected to benefit local players, according to the research house. "CMS is a po... |
Borneo: CMS Cement not raising prices02 March 2017, Published under Cement NewsCMS Cement Sdn Bhd has no plans to raise cement prices. Cahya Mata Sarawak Berhad (CMSB) Group Managing Director, Datuk Richard Curtis, said: “Whenever there is pressure on the financial markets, rumours of price hikes in all materials surface. I am happy to record that CMS Cement has absolutely no plans to increase prices.” Mr Curtis cited new and more favourable rates for raw materials and the company's new integrated works as the key factors allowing CMS Cement to maintain prices and ... |
Malaysia: CMS Cement to raise prices09 December 2015, Published under Cement NewsCMS Cement Sdn Bhd, a subsidiary of Cahya Mata Sarawak Bhd, announced that it will raise its cement price by an average of 4.6 per cent, effective 1 January 2016, due to the depreciation of the ringgit. In a statement issued on Tuesday, CMS said it will increase the prices to maintain the quality of its cement manufacturing and supply businesses, among others. It added that the sustained depreciation of the ringgit since January 2015 had created an unprecedented increase in the cost ... |
CMS grinding unit on track for 2016 commissioning06 May 2015, Published under Cement NewsA new grinding plant by the CMS Group is progressing well with trial production scheduled for the end of 2015, according to the group's managing director. Richard Curtis told the Star Online that the 1Mta new facility, situated adjacent to the group’s clinker plant in Mambong, Sarawak, is due for commissioning in the first quarter of 2016. Upon completion, this third grinding plant for the group will raise cement capacity for the group by almost 60 per cent. CMS, Sarawak’s sole cemen... |
CMS earnings boosted by cement division, Malaysia02 March 2015, Published under Cement NewsCMS Bhd earnings rose by 26 per cent to MYR221.34m (US$61m) in the year ending 31 December 2014, from MYR175.07m from a year earlier, boosted by its cement division. Revenue increased by 18 per cent to MYR1.67bn from MYR1.42bn m a year earlier. Pretax profit increased by 16 per cent to MYR341.45m from MYR294.89m. The cement division recorded a pretax profit of MYR120.48m, up 25 per cent compared to MYR966.7m. Fourth quarter earnings slipped 32.7 per cent to MYR43.94m from mYR65.34 . P... |
Malaysia: CMS pretax profit buoyed by cement division04 March 2014, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division. The cement segment saw a 46 per cent rise in pretax profit to MYR96.66m mainly due to the successful re-commissioning of its upgraded clinker plant. Commenting on the results, CMS group managing director Dato Richard Curtis said, “For this financial year, significant achievements have been recorded amongst all the core divisio... |
CMS to invest in new grinding plant20 January 2014, Published under Cement NewsCMS Cement, part of the Cahya Mata Sarawak group, has announced plans to invest in a third grinding unit to meet Sarawak's further cement consumption requirements. The new grinding plant will boost capacity by 1Ma to 2.75Mta. It will be established adjacent to CMS Cement's existing clinker plant in Mambong, Jalan Penrissen, according to Richard Curtis, managing director of Cahya Mata. CMS Cement is the only cement producer on Sarawak, one of two Malaysian states on the island of Borne... |
CMS plans to invest in third Sarawak cement plant, Malaysia06 August 2012, Published under Cement NewsCMS Bhd (CMSB) plans to invest in a third cement plant to meet the growing demand in Sarawak. Group managing director Datuk Richard Curtis said the new facility, which would have a production capacity of 600,000 to 700,000tpa, would be built in Mambong near here where the group's clinker plant is located. “The proposed third plant will cost about MYR150m. We (CMSB) will make a decision (on the proposed project) in the next three months,” he told StarBizWeek after a briefing yesterday. The... |
CMS addresses cement Sarawak shortage, Malaysia19 July 2012, Published under Cement NewsCMS Cement, Sarawak’s sole cement producer, has assured that the current shortages being experienced by the construction industry in Miri will be resolved by next week. Sarawak is situated on the island of Borneo and is one of two states, with Sabah, comprising what is referred to as East Malaysia. Sarawak is Malaysia’s largest state with around 37 per cent of the total land mass and has a population of 2.4m. Othman Abdul Rani, head of CMS’s cement division, said the shortage was large... |
CMS embarks on expansion, Malaysia23 May 2012, Published under Cement NewsCMS Cement, the sole cement manufacturer on the Malaysian state of Sarawak, is to invest MYR150m on an expansion programme, Malaysia’s National News Agency, Bernama, reported. "The state's annual need is 1.66Mt and in the last five years, it has registered increases of 10 to 15 per cent," CMS Group Managing Director Datuk Richard Curtis told reporters after officially opening the company's MYR22m Sibu Bulk Cement Terminal. "We will expand our Kuching and Bintulu plants to be able to pr... |