Cement News tagged under: Malaysia
Higher sales boost Lafarge Malaysia 1Q1423 May 2014, Published under Cement NewsLafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t... |
Malaysia: YTL profit increases 40.5% YoY22 May 2014, Published under Cement NewsMalaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same period of the previous year thanks to better performances from its cement, property development and investment and hotel divisions. Despite strong growth in its group profit, YTL’s revenue declined a marginal 1.9 per cent to MYR14.66n during the period under review from MYR14.95bn due to decreases in its construction a... |
Contract for new CMS grinding unit set to be signed16 May 2014, Published under Cement NewsThe contract for CMS Cement’s new MYR190m grinding plant project on Sarawak, Malaysia, is due to be signed early next month, according to group managing director, Richard Curtis. Speaking to The Star (Malaysia), Mr Curtis said the new 1Mta grinding plant is expected to be more efficient in production compared with the two existing plants as it would be equipped with the latest technology. The grinding facility is to be situated adjacent to CMS’ Mambong clinker line which has also recently... |
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... |
Lafarge Malaysia holds off on price hike27 February 2014, Published under Cement NewsLafarge Malaysia Cement has no immediate plans to increase cement prices, despite a hike in electricity tariffs this year its president and CEO, Bradley Mulroney, said. The company last increased prices in August 2012 when it implemented a MYR20/t increment. “I wouldn’t say it is an urgent need to increase price. But when the input cost is going up, of course we have to review on a monthly basis,” Mulroney said. “We will work on maintaining energy efficiency in our operation... |
Malaysia: Lafarge's net profit rises by 24.7%20 November 2013, Published under Cement NewsLafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago. Its revenue climbed 2.7 per cent YoY to MYR728m compared with MYR708.8m earlier. Earnings per share stood at 14.2 sen from 11.3 sen last year. In a filing with Bursa Malaysia, Lafarge said the higher revenue was mainly due to higher sales volume in cement and concrete in line with growth in market demand. For the nine months ended 30 Sep, Laf... |
Malaysia: Merapoh state rejects ideas for cement plant18 November 2013, Published under Cement NewsCement plant plans in Malaysia's Pahang state are to lose out to an ecotourism project. The Pahang state government has promised that there will be no cement production plant at Merapoh, but will ensure a plan to convert the area to an ecotourism destination. Pahang Tourism and Culture Committee chairman Datuk Mohd Sharkar Shamsuddin said they were now surveying the size of the area to be gazetted for ecotourism purposes. The land was held by Bintang Tower, while the cement manufacturing l... |
Hong Leong Industries in corporate restructuring25 September 2013, Published under Cement NewsHong Leong Industries Bhd (HLI) is selling its 100 per cent stake in Hume Industries (Malaysia) Sdn Bhd for MYR48m (US$14.9m) and preference shares in Hume Cement Sdn Bhd for MYR300m (US$93m) to Narra Industries as part of a corporate restructuring exercise. The move of both companies, which each come under the Hong Leong Group, would see the disposals of the 300 million Hume Industries shares and entire 175,000,000 six-year two per cent non-cumulative irredeemable convertible preference s... |
CMS Sarawak confident on long-term outlook, Malaysia11 September 2013, Published under Cement NewsCMS Sarawak is confident on the long-term outlook for cement demand in the state of Sarawak despite a potential slowdown in the second half of this year. CMS Sarawak’s subdued second-half outlook is due to lower government expenditure following higher spending in the first half. However, group managing director Datuk Richard Curtis said growth in Sarawak would continue to accelerate in the longer term as both the state and federal governments recognised the need for infrastructure developm... |
Malaysia: Lafarge's LMCB secures loan agreement21 August 2013, Published under Cement NewsLafarge Malaysia Cement Bhd (LMCB) has converted the MYR580.69m (USS$225m) fixed rate notes due 2013 into an inter-company term loan with M-Cement Sdn Bhd. The company executed a loan agreement with M-Cement to convert the notes into a five-year inter-company term loan. M-Cement is the sole note holder. The conversion of the notes into an inter-company loan does not have any impact on the consolidated net debt position of the Lafarge Malaysia Group. Following the latest development, Lafarg... |