Cement News tagged under: Malaysia
RAM Ratings reaffirms ratings of Lafarge Malayan’s Islamic debt facility01 June 2012, Published under Cement NewsRAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malayan Cement Berhad's MYR350m Islamic Securities Programme (2010/2017), at AA2 and P1; the long-term rating has a stable outlook. The reaffirmation of the ratings is premised on LMCB's strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has almost half of the industry's installed capacity. The availability of physical infrastructure as well as a... |
Lafarge Malayan revenue rises 7%, Malaysia31 May 2012, Published under Cement NewsLafarge Malayan’s revenue for 1QFY12 rose by 7% YoY to MYR644m due to higher output during the quarter (+1% nationwide in January and February 2012) and selling prices (+4% YoY nationwide to CNY331/t in 1Q). Though the 7% electricity tariff hike in May 2011 pushed energy costs higher, total costs increased by 5%, slower than top line growth due to efficiency gains. As a result, EBITDA rose by 16% to MYR127m. Net profit contribution from associates surged by 86% due to a better performance ... |
CMS embarks on expansion, Malaysia23 May 2012, Published under Cement NewsCMS Cement, the sole cement manufacturer on the Malaysian state of Sarawak, is to invest MYR150m on an expansion programme, Malaysia’s National News Agency, Bernama, reported. "The state's annual need is 1.66Mt and in the last five years, it has registered increases of 10 to 15 per cent," CMS Group Managing Director Datuk Richard Curtis told reporters after officially opening the company's MYR22m Sibu Bulk Cement Terminal. "We will expand our Kuching and Bintulu plants to be able to pr... |
No restrictions to Sarawak imports, Malaysia04 April 2012, Published under Cement NewsThe Ministry of International Trade and Industry has confirmed that there is no restriction on the import of cement into the Malaysian state of Sarawak, the Borneo Post writes. The ministry stated that importers intending to bring volumes into the state only need to apply for a certificate of approval from the Construction Industry Development Board. The ministry also said that there was no restriction on proposals for new investments in integrated cement projects in any part of the co... |
KHD wins new contract in Malaysia02 April 2012, Published under Cement NewsStraits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a EUR100m contract to build a new 5000tpd plant located near Kuantan, Malaysia, The new plant will be built according to the latest environmental standards. KHD's supply will include a five stage preheater with Low-NOx precalciner, PYRORAPID(R) rotary kiln with PYROJET(R) burner, PYROFLOOR(R) grate cooler, and energy-efficient COMFLEX(R) grinding systems for both limestone and clinker. KHD consortial partner... |
YTL plans more acquisitions, Malaysia30 March 2012, Published under Cement NewsYTL Corp Bhd, the best performer on Malaysia’s benchmark index this year, may buy power, cement or property assets in Asia in the next six months to expand its business in the region, according to managing director Tan Sri Francis Yeoh said. The utilities and construction group had identified targets and might make a purchase in the second or third quarter, Yeoh, 57, said in an interview on Tuesday, declining to be more specific. The company might boost dividend payouts to the highest lev... |
CMS Cement opens new terminal, Malaysia22 March 2012, Published under Cement NewsCMS Cement, the sole cement producer in the state of Sarawak, East Malaysia, has opened a new cement terminal in Miri as the company aims to better its supply chain operations. In a statement issued by parent company Cahya Mata Sarawak, the terminal is equipped with 6000t of storage capacity, a sealed pneumatic pipeline and two 150t steel hoppers. The new terminal will make cement distribution in Miri more reliable as bulk cement manufactured at the company’s Kuching plant can be trans... |
RHB upgrades Lafarge Malayan Cement14 March 2012, Published under Cement NewsRHB Research has upgraded Lafarge Malayan Cement to ‘Market Perform’ from ‘Underperform’ and raised the target to MYR7.43 from MYR5.94. The research house says the new target is based on 17 x FY12 EPS of MYR0.437 sen in line with its two-year historical average. RHB has also raised its FY12-14 earnings forecast by three per cent to 21 per cent mainly to reflect a higher domestic demand growth of five per cent per annum (from four per cent previously) and a higher selling price of MYR29... |
Cement division helps boost YTL net profit, Malaysia24 February 2012, Published under Cement NewsYTL Corp of Malaysia registered a net profit of MYR489.2m in the six months ended 31 December 2011, up 10.4 per cent YoY, boosted by the group’s cement and multi-utility arm. Revenue increased by 10.8 per cent to MYR9.87bn. Commenting on the results, YTL Group Managing Director, Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said: “At the half-way mark of the 2012 financial year, the Group continued to perform well. Revenue topped MYR9.8bn, increasing 11% or MYR964m over the same p... |
Lafarge Malayan Cement pretax profit rises22 February 2012, Published under Cement NewsLafarge Malayan Cement Bhd's pre-tax profit rose 10 per cent to MYR414.65m (US$136.7m) for the financial year ended Dec 31, 2011 from MYR345.397m in 2010, Business Times of Malaysia reports. In filing to Bursa Malaysia, the group said the higher profit was in line with the increase in revenue as well as the better performance of its ready mix businesses.??Revenue for the year amounted to MYR2.552bn, up 10 per cent from MYR2.324bn, mainly due to higher domestic demand, it said. ??The highe... |