Cement News tagged under: Malaysia
Borneo Cement (Sabah) to complete 1.75Mta capacity project by 3Q2504 August 2023, Published under Cement NewsFollowing a joint venture agreement between Sabah Economic Development Corp (Sedco) and Sri Alam Setia Sdn Bhd that will see the creation of Borneo Cement (Sabah) Sdn Bhd, a new integrated cement plant will be built in Pinangah, Tongod, Malaysia. The new plant will be able to produce 5000tpd of clinker and 1.75Mta of cement. With Sabah’s market demand currently at 1.4Mta it is expected that the plant will also serve other markets. A memorandum of agreement has been signed between the ne... |
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
Sarawak signs MoU with two cement producers17 July 2023, Published under Cement NewsSarawak’s cement industry is set to expand with the arrival of YTL Cement Bhd and SCG International (Thailand). Innocement Sdn Bhd, a joint venture between Sarawak’s Economic Development Corp and Bintulu Development Authority, signed a Memorandum of Understanding (MoU) with the two cement producers on 14 July 2023, reports The Star. Tan Sri Abang Johari Tun Openg, premier of Sarawak, said the MoU is part of plans to strengthen Sarawak’s cement supply chain and ensure supply reliabili... |
Cahya Mata adds new clinker line29 June 2023, Published under Cement NewsMalaysian cement producer Cahya Mata Sarawak Bhd has been given approval to build a 1.9Mta clinker line in Kuching, Sarawak. The MYR750m (US$160.6m) line will have a production capacity of 6000tpd and is expected to take 36 months to complete, reports The Star. The company currently runs 2.75Mta of cement capacity, sufficient to meet Sarawak’s demand of ~1.5Mta. However, the construction of Indonesia’s new capital city Nusantara is expected to see demand in the region reach 21Mta over ... |
Martin Engineering plans Kuala Lumpur business unit05 June 2023, Published under Cement NewsMartin Engineering is expanding its presence in the Asia-Pacific market by opening a business unit in Malaysia. Headquartered in the capital city of Kuala Lumpur, with a satellite office in Lumut, the Malaysian business unit will act as the main hub for providing products and solutions to the many industries Martin Engineering serves in the region. The benefit to customers will be more localised care from a team with a greater understanding of the region’s needs and challenges.... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
YTL Cement signs MoU to tackle standards and sustainability13 April 2023, Published under Cement NewsYTL Cement Bhd has signed a Memorandum of Understanding (MoU) with Construction Research Institute (CIDB) Malaysia to promote sustainability within the country's construction sector. According to The Star, the MoU will focus on three key areas: human resources development, research and development, and support of the construction industry’s transition to sustainability. As part of the collaboration, both parties will make use of YTL Cement’s laboratory and testing facilities to provide ... |
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Cement Industries (Sabah) raises cement prices11 January 2023, Published under Cement NewsCement Industries (Sabah) Sdn Bhd has increased the price of cement by 5-15 per cent effective from the 4 January 2023. The price hike was made after taking into consideration the rise of raw materials and freight shipping costs. Local media states that the price of cement in Sarawak and Peninsular Malaysia has increased dramatically in recent months. In Peninsular Malaysia, for example, the price of cement had risen 30 per cent last year, reports Borneo Post. Cement Industries (Sabah)... |
Cahya Mata Cement ends supply difficulties28 December 2022, Published under Cement NewsCahya Mata Cement Sdn Bhd (formerly CMS Cement Industries Sdn Bhd) has given its assurance that it has fixed all the disruptions of cement supply as of early November. "As announced previously in October, there were disruptions to the supply of cement in Kuching and nearby areas. There has not been any disruption of cement supply in the northern region of Sarawak. Currently we have more than enough cement to supply and meet all the requirements of our customers,” said a spokesperson ... |