Cement News tagged under: Malaysia
Lafarge Malaysia earnings expected to bounce back21 March 2017, Published under Cement NewsLafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Malaysia: Borneo Oil signs US$18m limestone deposit deal27 January 2017, Published under Cement NewsAccording to reports in the Star newspaper, Borneo Oil has signed a 30-year deal enabling it to mine marble and limestone in Lahad Datu, Borneo. In an announcement to the Malaysian stock exchange, Borneo oil revealed it had paid MYR80m (US$18m) for the right to mine reserves estimated at 24.5Mt. The company declared that it is now positioned to become “a substantial player in the supply of high-grade limestone resources”, and noted that Sabah state – in which the quarries are situated ... |
Vietnam: Song Lam first Malaysia exports02 December 2016, Published under Cement NewsVissai Group subsidiary, Song Lam 2 JSC, has sent its first batch of exports to Malaysia from its new production line at Song Lam cement plant. The second clinker production line at the plant began operation in May 2016 following a less than two-year construction period. The project to expand the plant will be completed in phases, with the first phase seeing the completion of two production lines with a total capacity of 12,000tpd (4Mta). A third line will be introduced in the second phas... |
Malaysia: CMS Cement division sees 14% drop in 9M16 pretax profits01 December 2016, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd (CMS) reported a total revenue of MYR1.10bn and a pretax profit of MYR160.41m in the first nine months of 2016, down 14 and 40 per cent YoY, respectively. The group’s cement division recorded a pretax profit of MYR76.98m, a decrease of 14 per cent YoY when compared with the record MYR89.23m recorded in 9M15. The company attributes the fall in profits to lower sales volumes, expenditure linked to the new cement mill and an unscheduled shutdown of the clink... |
Malaysia: CMSB pledges year-round cement supply09 November 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has said it will be able produce a year-round reliable supply of cement following the commissioning of its third and largest plant in Mambong, Sarawak. The new plant has an estimated production capacity of 1Mta and represents a MYR190m (US$44.9m) investment. Managing Director of CMSB, Richard Curtis, said the integrated plant with adjoining clinker plant will increase the firm’s production by almost 60 per cent to 2.75Mta. Current local demand lands at aro... |
Malaysia: Lafarge to pay for dust cleaning16 September 2016, Published under Cement NewsLafarge Cement Sdn Bhd has agreed to bear the cost of cleaning up the homes of residents in three villages affected by dust accidentally released from one of its plants last Monday as a result of repair works on a blocked processing unit. Factory Manager, Sekar Kaliannan, said Lafarge would follow up by to implement a group insurance coverage for residents in surrounding villages. State Health Committee Chairman Dr Leong Yong Kong noted that the absence of a sufficient buffer zone betw... |
Tough operating climate for Lafarge Malaysia Bhd09 September 2016, Published under Cement NewsKenanga Research, the research arm of Kenanga Investment Bank, has rated the outlook for Lafarge Malaysia Bhd as neutral, because of the country's weak property market coupled with the current oversupply situation. While Lafarge Malaysia has two cement plants in Rewang, Selangor, and Kanthan, Perak, are undergoing capacity expansion projects, there is intense competition, putting pressure on domestic cement prices. Moreover, coal prices have also been rising. The company is also ... |
Malaysia: CMSB 1H16 cement profits down 24%01 September 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has announced its earnings figures for the first half of 2016, including those of its cement division. This recorded a pretax profit of MYR41.7m (US$10.2m) on revenues of MYR275m. Both figures were down on those from the same period in 2015, with profits falling by 24 per cent and revenues 6.6 per cent lower. Profits fell faster than revenues due to CMSB’s increased reliance on imported clinker following plant shutdowns and the falling value of the ringgit... |
Malaysia: CMS relies on cement demand16 August 2016, Published under Cement NewsDespite its stock falling in April, Cahya Mata Sarawak Bhd (CMS) has managed to pick up momentum, registering a share price growth of 17.7 per cent between May and 12 August 2016. The company will be looking to capitalise on the MYR16bn (US$4bn) Pan Borneo Highway infrastructure project. MYR9bn (US$2.2bn) worth of contracts have already been awarded by Lebuhraya Borneo Utara Sdn Bhd for the project and local market players will now be focussing on increasing capacity and sourcing material... |