Cement News tagged under: Malaysia
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: Tasek Corp full-year profit ahead18 February 2015, Published under Cement NewsTasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Malaysia based cement producer attributed the better to performance to higher domestic cement demand and improved ready-mix concrete prices. “The ongoing mass rapid transit projects and light rail transit line extensions are expected to continue leading the construction sector’s gro... |
Bangladesh, Indonesia and Malaysia remain Vietnamese top importers23 January 2015, Published under Cement NewsBangladesh, Indonesia and Malaysia were the top importers of Vietnamese clinker and cement exports last year, the Vietnamese Ministry of Industry and Trade said on its website. Bangladesh took the lead after importing 8.39Mt of cement worth US$323m from Vietnam last year, while Indonesia came second with 2.65Mt worth US$123m and Malaysia ranked third with 1.28Mt worth US$62m. Following on was the Philippines with 1.15Mt worth US$44.26m, and Chile with 566,797t worth US$31m. Vietnam e... |
Lafarge Malaysia contract win and new mill purchase positive30 December 2014, Published under Cement NewsLafarge Malaysia’s recently-awarded MYR254m (US$72.6m) concrete supply contract and its purchase of a cement mill from Lafarge Ciment (Romania) are being viewed as positive for the company by Hong Leong Investment Bank (HLIB). The research house said the five-year contract to supply the Refinery and Petrochemicals Integrated Development project and other Petronas-related projects in Pengerang, Johor, is in line with its positive outlook on the company. Meanwhile, the mill and ancillari... |
YTL Cement Singapore acquires Sin Heng Chan04 December 2014, Published under Cement NewsYTL Corporation Bhd's YTL Cement Singapore Pte Ltd unit has acquired Sin Heng Chan (Singapore) Pte Ltd for MYR64.969m (S$24.734m). Sin Heng Chan is engaged cement trading with terminal operations, YTL Corp said in a filing in Bursa Malaysia today. It is an importer of bulk cement into Singapore and operates a bulk cement terminal at Jurong Port with a 60,000t storage capacity. The company also manufactures bagged cement. Following this acquisition, Sin Heng Chan (Singapore) becomes a w... |
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
Indonesia, Malaysia and Taiwan top Vietnam export table12 November 2014, Published under Cement NewsIndonesia, Malaysia and Taiwan were the largest importers of Vietnamese clinker and cement in the first nine months of this year, according to data released by the Vietnamese Ministry of Industry and Trade. During the period, Indonesia imported 1.76Mt of clinker and cement worth US$83m from Vietnam, while Malaysia acquired 1.05Mt worth US$52m and Taiwan purchased 969,678t worth US$41.7m. Following on were the Philippines with 816,060t worth US$31.2m and Cambodia with 389,373t worth US$2... |
Tasek Corp suffers 3Q decline05 November 2014, Published under Cement NewsMalaysian cement producer Tasek Corp reported a 7.1 per cent drop in earnings to MYR21.5m (US$6.4m) in the third quarter of 2014 amid stiff competition, according to the company. Earnings declined despite a 3.3 per cent rise in revenue to MYR148.7m during the three month period. Tasek said it suffered lower margins from the cement segment due to intense price competition on the market. Lower sales were also reported in the concrete segment. For the nine months to the end of September 2014... |
Indonesia, Taiwan and Malaysia top Vietnam's eight month export table26 September 2014, Published under Cement NewsIndonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in line were the Philippines (721,060t worth US$27m) and Cambodia (348,139t worth US$19m), the ministry ad... |