Cement News tagged under: Malaysia
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... |
Challenging outlook for Lafarge Malaysia23 May 2017, Published under Cement NewsIn the first three months of this year Lafarge Malaysia reported a net loss of MYR48.9m (US$11.4m) compared to a net profit of MYR20.6m for the same period a year ago due to lower operating profit and worsening pricing pressure. The group’s revenue decreased by 16.1 per cent to RM561.9m YoY. “This decrease was mainly attributable to the lower sales contribution from the cement segment due to the soft market demand, coupled with the increased industry capacity and the continued pricing pr... |
Vietnam April exports up 6.7%19 May 2017, Published under Cement NewsVietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o... |
Hume 1Q hit by lower prices, higher operating expenses18 May 2017, Published under Cement NewsFor the three months to the end of March 2017, Malaysia-based Hume Industries recorded revenue of MYR158.5m (US$36.7m), up 8.2 per cent on the recorded MYR145.5m a year earlier. Profit before tax saw a sharp decline to MYR1m from MYR15.9m in the same period of the previous year, which the company attributed to lower selling prices and higher operating expenses for the construction materials business. Going forward, the group expects the outlook to remain challenging in view of weakening de... |
CMS to benefit from Pan Borneo Highway construction25 April 2017, Published under Cement NewsConstruction of the Pan Borneo Highway in Malaysia is expected to boost demand for construction materials including an additional million tonnes of cement. Cahya Mata Sarawak Bhd (CMS), which is the sole cement producer in the country’s largest state, will be the main beneficiary of the mega highway project. "It is estimated that the project would need up to a million tonnes of cement over the course of the construction of the Pan Borneo Highway [in Sarawak], said Richard Curtis, manag... |
Vietnam 1Q exports rise 11% YoY18 April 2017, Published under Cement NewsVietnam exported 4.82Mt of cement and clinker worth US$168.65m in the first quarter of this year, representing 11 per cent increase YoY in volume and 6.4 per cent in value, according to the latest data of the General Department of Vietnam Customs. In March the country’s clinker and cement exports rose 7.8 per cent from February in volume and 7.6 per cent in value to 1.8Mt worth US$62.67m, the Xay Dung online newspaper quoted the government department as saying. Bangladesh remained the ... |
Malaysia: former Tasek Cement director finds contentment in food30 March 2017, Published under Cement NewsDatuk David Tan Sek Yin, former executive director of Tasek Corporation Bhd (1986-2004), now spends his days over a hot stove making Ipoh kai si hor fun (shredded chicken kuey teow), reports the Star online. The 60-year-old can be seen going about Ipoh, in Malaysia, his minivan delivering containers of special broth to his Little Katong stalls at Canning Garden, Gourmet Square hawker centre. The culinary world has always fascinated Tan, even though he had to play a big role in the cement ... |
Asian cement 2017: looking to the future29 March 2017, Published under Cement NewsFollowing an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As... |
Improving Malaysia’s supply27 March 2017, Published under Cement NewsIn May 2016 Christian Pfeiffer successfully handed over the new cement grinding plant of Cahya Mata Sarawak (CMS) in Malaysia. The new unit will help CMS to increase its cement output and supply the market with a range of cement products. B y Christian Pfeiffer, Germany. Figure 1: draft layout of the new cement grinding plant for CMS, Malaysia The new cement grinding unit for Cahya Mata Sarawak (CMS) is the first turnkey cement grinding plant in Malaysia supplied by Christian P... |
Malaysia: competition escalates24 March 2017, Published under Cement News2016 was a tough year for the Malaysia cement sector: demand fell, capacity increased and prices suffered as a consequence. Nevertheless, there was optimistic news this week that LafargeHolcim is expecting higher earnings from its operations in Malaysia in FY17 and FY18, as a result of its direct collaboration with the federal government’s projects. And earlier in March, ICR reported that Cementir also saw its revenues from Malaysia pick up. ICR surveys the industry... Demand in Malay... |