Cement News tagged under: Malaysia
Lafarge Malaysia to open R&D laboratory14 August 2013, Published under Cement NewsLafarge Malaysia Bhd plans to set up a research and development laboratory to provide solutions to Malaysia’s construction industry and anticipated housing requirements. Bradley Mulroney, President and CEO of the company said Malaysia faced its biggest challenge in offering an affordable prices for housing units, especially in the urban areas. "With most population dominating the urban areas and cost of living tremendously high, we do not want the people, especially the younger generation,... |
Lafarge Malayan Cement changes name to Lafarge Malaysia Bhd31 May 2013, Published under Cement NewsLafarge Malayan Cement Bhd has been changed to Lafarge Malaysia Bhd, Bursa Malaysia Bhd announced yesterday. Bursa said the new stock short name for the company is LAFMSIA. The company's shares will be traded and quoted under the new name, with effect from 31 May 2013, it said. |
Lafarge Malayan Cement to finalise expansion plans by August27 May 2013, Published under Cement NewsLafarge Malayan Cement is expected to finalise plans for a new expansion project by the end of August this year, according to the company's chief executive Bradley Mulroney. "We are very close to finalising the option we want to adopt for our next phase in terms of expansion," Mr Mulroney told reporters, adding that a decision is likely to be made at the company's board meeting in August. Mr Mulroney expressed confidence in the growth potential for Malaysia's cement demand which will b... |
Lafarge Malayan Cement 1Q13 revenues edge ahead23 May 2013, Published under Cement NewsLafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl... |
Lafarge Malayan Cement mulls expansion01 April 2013, Published under Cement NewsLafarge Malayan Cement may expand capacity in a bid to maintain market share as local rivals increase capacity amid rising domestic demand. The company is the country's leading cement producer and currently occupies a 40 per cent share of the market. Its major rivals are YTL Cement and Cement Industries of Malaysia (CIMA) both of which have planned capacity expansions. New entrant Hume Industries, which has constructed a new 1.5Mta plant, has also stepped up competition on the local marke... |
Tasek 4Q net profit falls 71% on pricing pressure, Malaysia19 February 2013, Published under Cement NewsTasek Corporation Bhd reported a 71 per cent YoY drop in fourth-quarter 2012 net profit, mainly due to a lower performance of its cement division as a result of pricing pressures and increased competition. Net profit in the three months to 31 December 2012 fell to MYR26.09m from MYR44.60m the year before. Revenue, however, fell marginally by MYR1.6m to MYR564.5m due to lower sales of clinker and ready-mix concrete. Group pretax profit fell by MYR13m to MYR119.3m the year before due to an ... |
Lafarge Malayan Cement warns of weak 4Q05 December 2012, Published under Cement NewsLafarge Malayan Cement said it expects the fourth quarter to be weak as demand has been impacted by the rainy season. At a briefing last Friday, the company said its recent unilateral price hike in August 2012 will be dampened somewhat by rebates and discounts. Analysts at CIMB Research had earlier expected the hike in prices to be the key driver in the second half of 2012, and underestimated the impact of the weather patterns on cement demand. Operating costs over the next four quarte... |
Cementir's ready-mixed concrete volumes weaken08 November 2012, Published under Cement NewsCementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m. The net financial charge declined by 37.4 per cent to €13.9m to give a more ... |
Lafarge Malayan Cement leads on analyst revisions10 October 2012, Published under Cement NewsLafarge Malayan Cement leads on analyst revisions among 12 companies in the Malaysian materials sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company has an Analyst Revision Model (ARM) score of 94, the highest in the sector. It also has above-average Value Momentum (Val-Mo) and Earnings Quality (EQ) scores of 75 and 81 respectively. A high Smartholdings (SH) score of 80 suggests a potential increase in institutional ownership. The company's f... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |